Skip to main content

LEP Grant Scheme

 I hope you had a good weekend and have managed to avoid the downpours! 


I would like to share with you, information I have on a grant scheme that you may be entitled to. This is currently available in England only. The details are as follows:

There is a new £20 million Grant Scheme which could allow businesses to access grants of between £1,000 to £5,000 to meet certain professional fees (e.g. accountancy fees) or to buy certain equipment. If you want to apply for the grant you should start doing so now.

My understanding of this grant offering is as follows:

  • It was originally announced on 30th July and is only available in the England regions of the UK.
  • The grant is being supported by the England European Regional Development Fund.
  • Businesses can apply for funds through one of 38 local growth hubs in their Local Enterprise Partnership (LEP) area. These hubs are partnered with the likes of Chambers of Commerce, FSB, Universities, enterprise zones and banks.
  • The link to contact the hubs is : https://www.lepnetwork.net/local-growth-hub-contacts/ .
  • The minimum each LEP will receive is £250,000.
  • Grants will range from £1,000 to £5,000.
  • All grants must be awarded by no later than 28th February 2021 and all ‘activity’ completed by 31st March 2021.
  • The grants can be used to access specialist services such as accountancy, HR, legal, financial, IT and digital specialists.
  • From the accounting side it is primarily open for dealing with cash flow planning and management and business support.
  • Small businesses can also use it to purchase minor equipment in order to continue business activity or even to help to diversify

I imagine these grants will go quickly so I would suggest using the link to check your eligibility and apply ASAP.


Also the Self-Employed Income Support Scheme portal for the second grant claim is now open for those eligible self-employed clients and prospects who have been adversely affected by the pandemic on or since 14th July 2020. The link to the portal is shown below:

https://www.gov.uk/guidance/claim-a-grant-through-the-self-employment-income-support-scheme


If you have any questions or require help and support applying for the grant, then please don’t hesitate to get in touch. info@togetherwecount.co.uk
Labels:

Comments

Post a Comment

Popular posts from this blog

More Information- CJRS and SEISS

As we start another week,  I felt it was important for me to share the latest updates with you regarding the Coronavirus Job Retention Scheme and the Self-Employed Income Support Scheme. HMRC Recovery Powers HMRC have put together the draft legislative package to reclaim payments under CJRS and the Self-Employed Income Support Scheme. This is subject to a HMRC consultation which comes to an end on 12th June. Under the draft legislation, HMRC will have the power, by way of a 100% tax charge, to recover payments which were either: Not due Not used to pay wages and PAYE Not used to make pension contributions Penalties will be imposed where there has been deliberate non-compliance. This comes at the same time as HMRC have notified that, to date, they have picked up on nearly 2,000 fraudulent CJRS claims to date. This is, in part, due to ongoing calls to their Fraud hotline number 0800 788887 and also through their online whistle-blower report webpage. Big reminder – 10th June last dat...
Post a Comment
Read more

Statutory Sick Pay Rebate Scheme (SSPRS)

What is the aim? To support employers facing heightened levels of sickness absence due to Covid-19. What does the SSPRS do? It will refund small and medium-sized employers Covid 19 related statutory sick pay (SSP) costs up to 2 weeks per employee. What is the eligibility criteria? Aimed at UK based employers. They employed fewer than 250 employees as of 30th November 2021. They had a PAYE payroll system as of 30th November 2021. At the time of the claim, they have already paid their employees Covid -19 related SSP. Employers can claim for Covid 19 sickness absences occurring from 21st December 2021 onwards. The 2 week limit is to be reset, so an employer will be able to claim up to 2 weeks per employee, even if they claimed for that employee under the previous SSPRS. How do you claim? Employers will be able to make the claim, through HMRC, from mid-January onwards using the website below: Claim back Statutory Sick Pay paid to your employees due to coronavirus (COVID-19) - GOV.UK (www.g...
2 comments
Read more

Newsletter 22/02/2021

Today’s newsletter is to update you on few things including the VAT Deferral New Payment Scheme and an interesting tale of two Uber drivers who went to the Supreme Court over worker rights and what the outcome could mean for businesses going forward. I should image after BoJo’s announcement later today and the fast-approaching budget, we’ll have another newsletter out soon. The National Debt Support Fund The Government have now set up a facility for individuals and presumably businesses to make voluntary donations to help pay down the National Debt or to be used for public expenditure. If that is of interest to either you or anyone within your client base please see the link below: Voluntary payments / donations to government - GOV.UK (www.gov.uk) The VAT Deferral New Payment Scheme Who is it aimed at? Businesses who deferred their VAT payments due between 20th March 2020 and 30th June 2020 and have yet to pay it over to HMRC. What 3 options are presently open to these businesses?...
Post a Comment
Read more