{"id":217518,"date":"2020-08-13T07:47:00","date_gmt":"2020-08-13T06:47:00","guid":{"rendered":"https:\/\/www.pearlaccountants.com\/?p=217518"},"modified":"2020-08-13T07:47:00","modified_gmt":"2020-08-13T06:47:00","slug":"gov-grants-boost-small-businesses","status":"publish","type":"post","link":"https:\/\/www.pearlaccountants.com\/blogs\/gov-grants-boost-small-businesses\/","title":{"rendered":"Claim Your Share of \u00a320m in Gov Grants to Boost Small Businesses Post-COVID-19"},"content":{"rendered":"\n<p>The Minister for Regional Growth and Local Government, Simon Clarke MP, <a href=\"https:\/\/www.gov.uk\/government\/news\/20-million-in-new-grants-to-boost-recovery-of-small-businesses\">announced<\/a> on 30 July that the UK government would be providing \u00a320 million in funding to \u201chelp businesses across England get back on track\u201d.<\/p>\n\n\n\n<p>Small and medium-sized businesses can access grants of between \u00a31,000 \u2013 \u00a35,000 for \u201cnew equipment and technology and specialist advice\u201d.<\/p>\n\n\n\n<div style=\"height:50px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.pearlaccountants.com\/blogs\/gov-grants-boost-small-businesses\/#Who_can_get_the_grant\" title=\"Who can get the grant?\">Who can get the grant?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.pearlaccountants.com\/blogs\/gov-grants-boost-small-businesses\/#How_your_smallmedium-sized_business_can_get_the_grant\" title=\"How your small\/medium-sized business can get the grant\">How your small\/medium-sized business can get the grant<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.pearlaccountants.com\/blogs\/gov-grants-boost-small-businesses\/#How_much_was_allocated_to_each_Growth_Hub\" title=\"How much was allocated to each Growth Hub?\">How much was allocated to each Growth Hub?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.pearlaccountants.com\/blogs\/gov-grants-boost-small-businesses\/#What_to_invest_your_grant_in\" title=\"What to invest your grant in?\">What to invest your grant in?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.pearlaccountants.com\/blogs\/gov-grants-boost-small-businesses\/#What_is_considered_a_%E2%80%9Cspecialist_professional_service%E2%80%9D_for_this_grant\" title=\"What is considered a \u201cspecialist professional service\u201d for this grant?\">What is considered a \u201cspecialist professional service\u201d for this grant?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.pearlaccountants.com\/blogs\/gov-grants-boost-small-businesses\/#Obtaining_assistance_with_the_government_grant\" title=\"Obtaining assistance with the government grant\">Obtaining assistance with the government grant<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Who_can_get_the_grant\"><\/span>Who can get the grant?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The <a href=\"https:\/\/assets.publishing.service.gov.uk\/government\/uploads\/system\/uploads\/attachment_data\/file\/906229\/GH_Funding_Information_and_Allocations_FINAL_UPDATED_030820.pdf\">official document<\/a> on the grant, and how to receive it, states unequivocally that \u201c the funding can be used to support <strong>all SMEs in all sectors<\/strong>\u201c. (The emphasis is ours.)<\/p>\n\n\n\n<div style=\"height:50px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_your_smallmedium-sized_business_can_get_the_grant\"><\/span>How your small\/medium-sized business can get the grant<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The grants are supported by the 2014 \u2013 2020 England European Regional Development Fund (ERDF) and have been allocated to <a href=\"https:\/\/thebusinessfinanceguide.co.uk\/what-are-growth-hubs\/\">Growth Hubs<\/a> across the country.<\/p>\n\n\n\n<p>To claim your portion of the fund, you must contact your local Growth Hub.<\/p>\n\n\n\n<p>To find which Growth Hub applies to your business\u2019s location, you can visit <a href=\"https:\/\/www.lepnetwork.net\/local-growth-hub-contacts\/\">this LEP (\u201cLocal Enterprise Partnership\u201d) Network Growth Hub<\/a> page.<\/p>\n\n\n\n<p>It is up to the Growth Hub itself to determine the size of the grant given to businesses. The grant will be determined based off local circumstances.<\/p>\n\n\n\n<p>It is expected that each grant will \u201c<a href=\"https:\/\/assets.publishing.service.gov.uk\/government\/uploads\/system\/uploads\/attachment_data\/file\/906229\/GH_Funding_Information_and_Allocations_FINAL_UPDATED_030820.pdf\">typically<\/a>\u201d be around \u00a33,000, but as much as \u00a35,000 may be awarded under \u201ccertain circumstances\u201d, to be determined on a case-by-case basis.<\/p>\n\n\n\n<p>But even if your business does not fall within the jurisdiction of one of the thirty-nine growth hubs, the government\u2019s website states that they are working to \u201cmake this funding available quickly\u201d for companies that do not have a Growth Hub they can apply to.<\/p>\n\n\n\n<p>In such a case, you should probably contact the Ministry of Housing, Communities and Local Government directly using the details at the bottom of <a href=\"https:\/\/www.gov.uk\/government\/news\/20-million-in-new-grants-to-boost-recovery-of-small-businesses\">this article<\/a>.<\/p>\n\n\n\n<p>Unlike other schemes recently initiated by the government, this particular grant sum requires <strong>no financial contribution<\/strong> from the participating business. It is a straight grant and will not be deducted from your income later on, whether through National Insurance contributions or other tax payments.<\/p>\n\n\n\n<div style=\"height:50px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_much_was_allocated_to_each_Growth_Hub\"><\/span>How much was allocated to each Growth Hub?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-1 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:33.33%\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"626\" height=\"417\" src=\"https:\/\/www.pearlaccountants.com\/wp-content\/uploads\/2020\/08\/Growth-Hub-allocation-1.jpg\" alt=\"How much was allocated to each Growth Hub\" class=\"wp-image-217522\" srcset=\"https:\/\/www.pearlaccountants.com\/wp-content\/uploads\/2020\/08\/Growth-Hub-allocation-1.jpg 626w, https:\/\/www.pearlaccountants.com\/wp-content\/uploads\/2020\/08\/Growth-Hub-allocation-1-300x200.jpg 300w\" sizes=\"(max-width: 626px) 100vw, 626px\" \/><\/figure>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:66.66%\">\n<p>Unsurprisingly, the North East, London and Lancashire Growth Hubs had the largest amounts allocated to them, with \u00a31,833,503, \u00a31,201,211 and \u00a31,118,161 awarded to them respectively.<\/p>\n\n\n\n<p>Greater Manchester came in a close fourth, winning \u00a31,049,321 of the allotment.<\/p>\n<\/div>\n<\/div>\n\n\n\n<p>Leeds City Region, Liverpool City Region, Greater Birmingham and other metropolitan areas also commanded sums close to the one million mark, while smaller jurisdictions like Buckinghamshire Thames Valley, Dorset and Hertfordshire received the minimum amount made available: \u00a3250,000.<\/p>\n\n\n\n<p>In three months\u2019 time, the take-up of allocations will be reviewed to \u201c<a href=\"https:\/\/assets.publishing.service.gov.uk\/government\/uploads\/system\/uploads\/attachment_data\/file\/906229\/GH_Funding_Information_and_Allocations_FINAL_UPDATED_030820.pdf\">ensure it is meeting demand<\/a>\u201c.<\/p>\n\n\n\n<p>The deadline for awarding all the grants is 21 February 2021.<\/p>\n\n\n\n<div style=\"height:50px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_to_invest_your_grant_in\"><\/span>What to invest your grant in?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>An amount of \u00a31,000 \u2013 \u00a35,000 may or may not be significant, depending on your circumstances. Businesses were <a href=\"https:\/\/www.pearlaccountants.com\/blogs\/uk-landlords-can-survive-the-current-rent-crisis\/\">hit hard<\/a> during the pandemic, with many still <a href=\"https:\/\/news.sky.com\/story\/up-to-1-500-jobs-threatened-at-wh-smith-after-drop-in-customers-12042804\">gasping<\/a> for air as they try to come <a href=\"https:\/\/www.theguardian.com\/business\/2020\/jul\/24\/uk-retail-sales-bounce-back-in-june-close-to-pre-coronavirus-levels\">above water<\/a>.<\/p>\n\n\n\n<p>Whether your business was hit hard or not, the smart move is to prepare for hard times.<\/p>\n\n\n\n<p>COVID hit all of us with shocking surprise, and too many businesses were caught flat-footed. If there\u2019s one lesson we all learned, it\u2019s that the scouts motto of \u201cbe prepared\u201d is paramount.<\/p>\n\n\n\n<p>In this tenuous phase post-lockdown, we have to be prepared for any number of the following things:<\/p>\n\n\n\n<ul><li>A <a href=\"https:\/\/www.hopkinsmedicine.org\/health\/conditions-and-diseases\/coronavirus\/first-and-second-waves-of-coronavirus\">second wave<\/a> and\/or lockdown<\/li><li>Slow economic recovery<\/li><li>Less consumer spending as a result of job-security fears<\/li><\/ul>\n\n\n\n<p>Whatever you invest in, it <strong>must <\/strong>be in the direction of:<\/p>\n\n\n\n<ul><li>Increasing your efficiency.<\/li><li>Improving your chances of getting in new business.<\/li><li>Preparing you and your business for future lockdowns should they ever occur again e.g. remote working tools or video conferencing software<\/li><\/ul>\n\n\n\n<p>As a result of the above considerations, some of the technology tools you might consider investing in are:<\/p>\n\n\n\n<ul><li>Email marketing software<\/li><li>CRM software<\/li><li>Social media management tools<\/li><li>An improved website<\/li><li>Various online <a href=\"https:\/\/www.pearlaccountants.com\/services\/specialist-accounts-software\/software-integration\/\">tools designed to improve efficiency<\/a><\/li><li>Specialised <a href=\"https:\/\/www.pearlaccountants.com\/services\/specialist-accounts-software\/quickbooks-accountants\/\">accounting software<\/a><\/li><\/ul>\n\n\n\n<div style=\"height:50px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_considered_a_%E2%80%9Cspecialist_professional_service%E2%80%9D_for_this_grant\"><\/span>What is considered a \u201cspecialist professional service\u201d for this grant?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-2 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:66.66%\">\n<p>The government guidelines above specifically mention \u201chuman resources, accountants, legal, financial, IT \/ digital\u201d as examples of \u201cspecialist professional service\u201d that small businesses might want to invest in using the grant.<\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:33.33%\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"626\" height=\"403\" src=\"https:\/\/www.pearlaccountants.com\/wp-content\/uploads\/2020\/08\/professional-service-1.jpg\" alt=\"specialist professional service for this grant\" class=\"wp-image-217526\" srcset=\"https:\/\/www.pearlaccountants.com\/wp-content\/uploads\/2020\/08\/professional-service-1.jpg 626w, https:\/\/www.pearlaccountants.com\/wp-content\/uploads\/2020\/08\/professional-service-1-300x193.jpg 300w\" sizes=\"(max-width: 626px) 100vw, 626px\" \/><\/figure>\n<\/div>\n<\/div>\n\n\n\n<p><\/p>\n\n\n\n<p>This means that all of the following activities would be considered valid for purposes of the grant:<\/p>\n\n\n\n<ul><li>Accounting services<\/li><li><a href=\"https:\/\/www.pearlaccountants.com\/services\/bookkeeping\/\">Bookkeeping services<\/a><\/li><li>Legal advice<\/li><li>Consulting services for digital marketing (e.g. online advertising)<\/li><li>Financial advisory services<\/li><li>Search Engine Optimisation<\/li><li>Etc.<\/li><\/ul>\n\n\n\n<p>The list, really, is endless.<\/p>\n\n\n\n<div style=\"height:50px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Obtaining_assistance_with_the_government_grant\"><\/span>Obtaining assistance with the government grant<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>If you need any assistance with applying for the above grant or determining if the service you wish to invest in is covered by it, please feel free to <a href=\"https:\/\/www.pearlaccountants.com\/contact\/\">contact us<\/a> any time, even if you are not currently a client of ours.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Minister for Regional Growth and Local Government, Simon Clarke MP, announced on 30 July that the UK government would be providing \u00a320 million in funding to \u201chelp businesses across England get back on track\u201d. Small and medium-sized businesses can access grants of between \u00a31,000 \u2013 \u00a35,000 for \u201cnew equipment and technology and specialist advice\u201d. <a href=\"https:\/\/www.pearlaccountants.com\/blogs\/gov-grants-boost-small-businesses\/\" class=\"more-link\">&#8230;<span class=\"screen-reader-text\">  Claim Your Share of \u00a320m in Gov Grants to Boost Small Businesses Post-COVID-19<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":217520,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2208,2195,2198],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Small Business Guide: Claim Your Share of \u00a320m in Gov Grants<\/title>\n<meta name=\"description\" content=\"The UK government has just announced that \u00a320 million will be made available to businesses in England to assist them in bouncing back after the COVID-19 pandemic. But how does one go about claiming for this fund? We tell you exactly how in this in-depth article.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.pearlaccountants.com\/blogs\/gov-grants-boost-small-businesses\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Claim Your Share of \u00a320m in Gov Grants to Boost Small Businesses Post-COVID-19\" \/>\n<meta property=\"og:description\" content=\"The UK government has just announced that \u00a320 million will be made available to businesses in England to assist them in bouncing back after the COVID-19 pandemic.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.pearlaccountants.com\/blogs\/gov-grants-boost-small-businesses\/\" \/>\n<meta property=\"og:site_name\" content=\"Pearl Chartered Accountants &amp; Tax Advisers\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/PearlCharteredAccountants\" \/>\n<meta property=\"article:published_time\" content=\"2020-08-13T06:47:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.pearlaccountants.com\/wp-content\/uploads\/2020\/04\/Freelancers-How-to-Stay-Afloat-during-the-COVID-19-Pandemic.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"626\" \/>\n\t<meta property=\"og:image:height\" content=\"417\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ashley Preen\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Claim Your Share of \u00a320m in Gov Grants to Boost Small Businesses Post-COVID-19\" \/>\n<meta name=\"twitter:description\" content=\"The UK government has just announced that \u00a320 million will be made available to businesses in England to assist them in bouncing back after the COVID-19 pandemic.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.pearlaccountants.com\/wp-content\/uploads\/2020\/04\/Freelancers-How-to-Stay-Afloat-during-the-COVID-19-Pandemic.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@PearlAccount\" \/>\n<meta name=\"twitter:site\" content=\"@PearlAccount\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ashley Preen\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.pearlaccountants.com\/blogs\/gov-grants-boost-small-businesses\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.pearlaccountants.com\/blogs\/gov-grants-boost-small-businesses\/\"},\"author\":{\"name\":\"Ashley Preen\",\"@id\":\"https:\/\/www.pearlaccountants.com\/#\/schema\/person\/e2cc2e2b687648a58441b41d1e5a67a6\"},\"headline\":\"Claim Your Share of \u00a320m in Gov Grants to Boost Small Businesses Post-COVID-19\",\"datePublished\":\"2020-08-13T06:47:00+00:00\",\"dateModified\":\"2020-08-13T06:47:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.pearlaccountants.com\/blogs\/gov-grants-boost-small-businesses\/\"},\"wordCount\":782,\"publisher\":{\"@id\":\"https:\/\/www.pearlaccountants.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.pearlaccountants.com\/blogs\/gov-grants-boost-small-businesses\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.pearlaccountants.com\/wp-content\/uploads\/2020\/08\/small-business-grant.jpg\",\"articleSection\":[\"Accounting\",\"Financial Advice\",\"Small Business Advice\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.pearlaccountants.com\/blogs\/gov-grants-boost-small-businesses\/\",\"url\":\"https:\/\/www.pearlaccountants.com\/blogs\/gov-grants-boost-small-businesses\/\",\"name\":\"Small Business Guide: Claim Your Share of \u00a320m in Gov Grants\",\"isPartOf\":{\"@id\":\"https:\/\/www.pearlaccountants.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.pearlaccountants.com\/blogs\/gov-grants-boost-small-businesses\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.pearlaccountants.com\/blogs\/gov-grants-boost-small-businesses\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.pearlaccountants.com\/wp-content\/uploads\/2020\/08\/small-business-grant.jpg\",\"datePublished\":\"2020-08-13T06:47:00+00:00\",\"dateModified\":\"2020-08-13T06:47:00+00:00\",\"description\":\"The UK government has just announced that \u00a320 million will be made available to businesses in England to assist them in bouncing back after the COVID-19 pandemic. 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