Take advantage of stimulus grants today
This ebook will take you through how to thrive and also financial sources that will help you. By now you’ll be familiar with UK Government business support measures such as the furlough scheme. Now that many small businesses are looking to expand and grow as the economy begins to unlock, a range of stimulus measures are also available, or about to be introduced, that create new opportunities for UK employers and employees.
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As you’re generally able to use grant money as you see fit, it could be a good opportunity to invest in technology that assists you with training, boosts your online presence or allows your growing team to work more productively together. Let’s take a look at some of the schemes:
If you need help navigating the multiple grants and stimulus technology packages on offer, we’re here to assist you. In partnership with the Grants Office, we’re on hand to guide you through the entire process, ensuring you find the right package for you and your business.
The T Level incentive fund is designed to support employers by ensuring they can continue to host placements. The scheme could be a valuable way for you to build the pipeline of skills and talent you’ll need as your business emerges into the post-covid landscape.
As an employer, you’ll be able to claim a £1,000 cash boost for up to 20 students in the available T Level subject areas from 27 May 2021 until July 2022. Find out more here.
From 1 June 2021, employers of all sizes in England have been able to apply for extra funding to help them take on new apprentices. Businesses can apply to claim £3000 for each new apprentice hired as a new employee from 1 April until 30 September.
The cash incentive could be another way for your business to invest in the skilled workforce you need as you bounce back from the pandemic. Employers can choose how they spend the cash, including on the tools and technologies you’ll need to build the future together. Find out more here.
The Kickstart Scheme provides funding to create new jobs for 16 to 24-year olds on Universal Credit who are at risk of long-term unemployment. Employers of all sizes can apply for funding which covers:
Your business can spread the job start dates up until 31 December 2021. You’ll get funding until 30 June 2022 if a young person starts their job on 31 December 2021.
The scheme includes £1,500 of funding towards set-up costs, which should be used on helping the candidate become more employable — such as training, IT equipment and software. Find out more here.
This scheme is expected to provide digital and management training for small businesses to help boost productivity after the coronavirus pandemic. The scheme is split into two parts. Help To Grow Management is a 12-week programme, 90% funded by the government, aimed at leaders who want to improve their management, boost strategic skills, and drive their business forward. You’ll be able to access the training from leading business schools across the country through a mix of online and face-to-face tuition, as well as support from a mentor.
Help To Grow Digital is set to launch in the autumn. It’s designed as an online platform giving businesses advice on how technology can boost their performance. Some businesses will also be eligible for a voucher giving them up to a 50% discount on approved software, which could save up to £5,000 on the cost of new technology.
Find out more about the scheme here.
The University of Derby’s Invest to Grow programme is a mix of grants and repayable loans between £15,000 and £250,000. Designed to support private-sector businesses across the East Midlands, the grants/loans can be used to invest in areas such as plant, machinery or IT equipment – with a focus on creating jobs in wake of COVID-19. Find out more here.
BGP2 from the Birmingham City Council offers grants of £2,500 to £1,000,000 and is designed to strengthen supply chains, stimulate innovation and help businesses grow. The programme is available to:
Innovation Vouchers enable SMEs in Greater Manchester to apply for up to £5,000 funding to access expertise, research and specialist facilities to accelerate the development of innovative products and services. Find out more here.
While the 100% holiday rate ended in June 2021, it will be set at 66% for the following nine months.
The 5% reduced VAT rate will run until the end of September 2021, rising to 12.5% from October 2021 until the end of March 2022.
https://www.gov.uk/coronavirus/business-support https://www.xsortal.com/covid#t2
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