Covid-19: Grants and funding for businesses
Business recovery support
The coronavirus pandemic has had a huge impact on local businesses and on our daily lives. Running a business, if you have been able to stay open, is now, even more challenging. We know that many businesses are still trying to address immediate concerns and there are others that will be reviewing their business plans and how they can adapt, maybe by trying to reduce overheads and running costs or to diversify into new markets.
We are working with the Marches Local Enterprise Partnership (Marches LEP) to support the business community throughout the coronavirus outbreak through our joint business support service, the Marches Growth Hub.
You can contact the Marches Growth Hub at firstname.lastname@example.org for more information or support.
Some of the funds currently available, for existing and start-up businesses in Herefordshire, that could help during these times:
Improve your internet speed
Fastershire Business Broadband Grant - Your business could qualify for a grant of up to £25,000 to access high-speed connectivity if you are not in plan to receive an upgrade already via Fastershire. The grants can fund up to 100% of the capital installation cost and Fastershire will help to match your business with potential suppliers who can install your high-speed connectivity. More information can be found on Fastershire's Business Broadband Grant page.
Help with online trading
You can request a Faster Business Review - a free session between yourself and one of the Faster Business Advisors. The review is completely tailored to your business and can cover any topic, including, social media, online marketing, websites, e-commerce, data/online security, software and hardware, or you can seek expert advice on any particular area you feel would most benefit your business. You can request a business review on Fastershire's Faster Business Review page.
The Fastershire team have also produced a number of webinars on these topics and many others - all details are on Fastershire's events page.
Help to purchase equipment
Grant funding from £2,500 to £1,000,000 to strengthen supply chains, stimulate innovation and help your businesses grow is available from the Business Growth Programme. The grant can fund a range of costs including the purchase of capital equipment, product branding, concept development and relocation costs. The grant is subject to your business creating new jobs. More information on the Birmingham City Council website, who manage the grants on our region's behalf.
Small Equipment Grant - grants from £1000 to £10,000 to fund capital equipment purchase are available to help your business to grow. The grant is subject to your business creating a part-time job or developing a new product, or service, because of the investment. There is more information on our Marches Small Equipment grant page.
More physical space to operate from
Marches Building Investment Grant - grant funding up to £150,000 is available for new build, extensions and reconfigurations of commercial premises. The grant is subject to your business creating new jobs, developing, and investing in new product and services.
Help to reduce your energy consumption
Free energy efficiency assessments and grants are available from £1,000 to £20,000 to help your businesses make improvements with things like heating, equipment/machinery that is energy efficient, compressors, insulation and renewables, changing to LED Lighting and will also consider waste and water consumption. More information is on the Business Energy Efficiency Programme (BEEP) website.
Marches Renewable Energy project (MarRe) can also help your business apply for a 50% grant towards the installation of new renewable technologies on your existing premises. Visit Marches Renewable Energy project page for further information, and to express an interest in this fund.
Remember, further help and support for your business is available from the Marches Growth Hub website.
If these schemes do not address your current business needs or if you need assistance to guide you through the support that is available, call our business support team on 01432 261758 or email email@example.com. We are here to help.
More Covid-19 business advice
For more business information and guidance relating to Covid-19 please visit our Covid-19: Support for businesses page.
We recognise that aside from financial and business support you, your employees or people in your supply chain, may want to access mental health and wellbeing advice. Visit WISH mental health and wellbeing for details of local advice and services.