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Gloucestershire Growth Hub Gears Up for SME Recovery Grants.

Since the UK went into lockdown back in March the Government have provided a huge amount of financial support to the UK businesses including grants, loans and the furlough scheme. A number of these have now been issued to businesses and the furlough scheme is due to finish at the end of this month.

Since then the Gloucestershire Growth Hub team has confirmed an allocation of £464,655 grant money and has decided to best support the county by distributing the allocated funds to as many applicants as possible with an estimated grant size of £3000 per business. These new grants will include ‘The SME Recovery Grant scheme’ and ‘The Kick Starting Tourism Grant Scheme’ and will be administered by the Growth Hub.

Since the Growth Hub announced the new grants that had become available, they have already had 1000 businesses registering an initial interest. Speaking of this, Alex manager of the Growth Hub in Gloucester stated “As we start to release further detail around some of the grant eligibility criteria, we may see the actual number of applications reduce. But taking a steer from what has happened across other Growth Hub areas we don’t expect this to be the case.”

Ministries for Housing, Communities and Local Government and (MHCLG) have outlined the criteria for business who may apply, and a full list of these criteria are available on the Growth Hub website at www.thegrowthhub.biz/grants.

Do you need a recovery plan now?

Whether you are eligible for this grant or not, the Gloucestershire Growth Hub is fully equipped to offer your business effective business consulting and support to help you with your COVID-19 recovery plans. You can access up to £1500 of fully funded business support tailored to your specific needs, via a mix of dedicated consultant support, online workshops and events, all free to growing Gloucestershire SMEs.

To contact the Growth Hub call Deb Govier 01285 889937 or visit www.thegrowthhub.biz