If you missed it last week, a new (small) grant has been announced for SMEs via local growth hubs. £20 million in new grants to boost recovery of small businesses.

Grants of between £1k and £5k will be available to help businesses get back on track through professional, legal, financial or other advice and /or new technology and other equipment.

The obvious thought is to wonder at whether you could be eligible and what you might spend the money on. Perhaps you can freshen up your marketing assets, or purchase some new kit. Perhaps you should engage an awesome accountant/FD to work with you on preparing a business plan for the recovery or upgrade your whole finance machine.

Which leads me to the less obvious thought. What service or asset could you promote to your network that could be paid for through this grant? One grant would be nice, but could there be a way to access many grants whilst helping those small businesses to recover from the impact of COVID, to create jobs, to thrive.
Just google for your local growth hub to register for updates.

The full press release is here

If you’re in London you can register your interest in the grant here