Government have confirmed plans to provide the London Growth Hub with £1.6m from the European Regional Development Fund (ERDF) to launch a new Small and Medium Size Enterprise (SME) grant fund.
Eligible SMEs will have access to grants between £1,000 – £5,000 to help them access business and professional services such as legal and financial advice, or help to adopt new technology and purchase equipment that will help them get back on track, following the impact of COVID-19. The Fund will be launched next month and will be available for established businesses (12 months +). There will be two separate pots of funding being made available:
- For SMEs in the Visitor Economy sector
- For SMEs in the wider economy (which covers all other sectors)
Register your interest here