Growth Support Kickstart Grant Scheme for SMEs

Overview

In the past few months we have seen tremendous financial support from the government for businesses and individual. The government has now been gradually unwinding large benefits. However, new support measures, such as highly successful Eat Out to Help Out Scheme, have also been announced to help businesses and the economy get back on track.

The government has now again announced Growth Support Kickstart Grant Scheme to help small/medium businesses transition into the new normal. Under this grant your business can avail up to £3000 (£5000 in exceptional cases).

The government has now again announced Growth Support Kickstart Grant Scheme to help small/medium businesses transition into the new normal. Under this grant your business can avail up to £3000 (£5000 in exceptional cases).

Your local growth hubs are responsible for application, processing and allocating and these grants on first come, first served basis.

Grant can be used for:

• Special Consultancy (accounting, financial, legal, HR etc.)
• Minor items that are an adoption of new technology that support the day to day running of the organisation.
• Minor items that are an adaption of existing technology that supports the day to day running of the organisation.

Example of support which can be provided:

• IT equipment, e.g. Tablet & Contact payment systems, ICT equipment to support homeworking/social distancing.
• Fixed PPE equipment e.g. plastics screens & sanitizer dispensers.
• Building alterations e.g. creation of one-way systems, building of outdoor seating, serving hatches etc.
• Web sites, Mobile Apps, etc.

Please note: You cannot claim this grant for purchase you have already many.

Application Process

• Submit your application along with
• Business information
• Quotes for proposed service/equipment
• The Growth Hub will assess the application and then sanction the grant
• You can make the purchase and obtain the receipt as a proof of purchase
• Submit the receipt to the Growth Hub and claim the money

Information needed for the application

• General business information like registered address and trading start date; type of business (e.g. Limited Company, Sole Trader etc.)
• Company Registration Number or Unique Tax Reference, SIC Code, VAT number (if registered), Bank Account details
• Business turnover for the last financial year; No. of Employees & Full-time equivalents; No of jobs safeguarded as a result of the grant
• Quotes for all work/purchases to be funded
• State aid information relating to your business in the last three years

The Growth Hub may ask the following questions:

• How has your business been affected by COVID-19?
• What do you want the grant to fund?
• How will the grant funded activity help your business recover from the impact of the COVID-19 pandemic?
• Why you are unable to cover the costs from other/your own sources?

Eligibility: Small or medium size business trading as of 1st March, 2020

DNS is able to help you in this application. Please submit your details in this form and DNS team will get in touch with you asap.

Please fill this short form to register your interest.

We would like you to kindly, go through our Frequently Asked Questions (FAQs) to make yourself more familiar with various aspects of the scheme.

For locating your local Growth Hub, click here.