31/07/2020

Government announces £20m worth of grants for small businesses to upgrade technology, equipment and hire professional advisors

The Government has announced a new £20m IT funding package to help small businesses get through the coronavirus pandemic.

Small and medium-sized businesses can access a small business technology grant between £1,000 and £5,000 to spend on new equipment and IT and professional advice.

The small business technology grant can be spent on the following:

  • Accountants
  • Financial
  • Human resources
  • IT and digital
  • Legal

Or it can be used to buy minor equipment to adapt or adopt new technology in order to carry on trading or diversify during the COVID-19 pandemic.

And the cash could also be used to stage events providing guidance to businesses responding to coronavirus.

The £20m worth of technology and support grants are being administered by the Government’s 38 regional growth hubs.

You can find the list of growth hubs where you apply for the new £1,000 to £5,000 small business technology grants here.

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