George Eustice, Member of Parliament for Camborne, Redruth and Hayle, has today welcomed the news that £20 million of new funding has been made available by the Government to help smaller businesses recover from the effects of the coronavirus pandemic.
Small and medium sized businesses will have access to grants of between £1,000 - £5,000 to help them access new technology and other equipment as well as professional, legal, financial or other advice to help them get back on track.
It comes on top of an unprecedented package of Government support to help businesses to recover, including the £2 billion Kickstart Scheme which will create hundreds of thousands of new, fully subsidised jobs for young people across the country, as well as £1.6 billion invested in scaling up employment support schemes, training and apprenticeships to help people looking for a job.
The support will be fully funded by the government from the England European Regional Development Fund and distributed through Growth Hubs, embedded in local areas across England.
George commented, "Businesses across Camborne, Redruth and Hayle have experienced some difficult times over the last few months as the Coronavirus Pandemic has taken its toll on our local community. However, the Government are committed to supporting local businesses and helping our local communities as they rebuild. Businesses will be able to use these new grants to pay for the expertise, equipment and technology they need to adapt, recover and rebuild.
"Small and medium sized businesses are the beating heart of communities here in Cornwall; they provide employment and contribute significantly to local economies and we are determined to give them the support they need to continue to thrive."
Further information can be found at: https://www.gov.uk/government/news/20-million-in-new-grants-to-boost-re…