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Enterprise M3 welcomes government’s plan to support SME businesses affected by COVID-19

Last updated 11 August 2020
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Enterprise M3 Local Enterprise Partnership (EM3) LEP has welcomed the government’s announcement of new funding focused at supporting small and medium sized businesses impacted by the coronavirus pandemic.

Simon Clarke MP, Minister for Regional Growth and Local Government, pledged that under the new scheme businesses will have access to grants of between £1,000 - £5,000 to help them access new technology and other equipment as well as professional, legal, financial or other advice to help them get back on track.

The support will be fully funded by the Government with no obligation for businesses to contribute financially and will be distributed through Growth Hubs.

Kathy Slack, EM3 chief executive, said: 

We are delighted that our Growth Hub will be able to use this funding to further support our small and medium sized businesses, many of whom have done so much to support their communities during recent months.

We understand the challenges our SMEs will be facing in the coming months to find the resources they need to help them recover and rebuild their businesses and we are pleased the government will be providing some dedicated support for them.

The funding being provided to businesses will be supported by the England European Regional Development Fund. Information on the criteria and how to apply for the fund will be available on the Enterprise M3 website as well as its Growth Hub website.

More information on the government's announcement can be found here.

 

 

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