Have you heard about your local Growth Hub?
There are 38 Growth Hubs across England led by the Local Enterprise Partnerships (LEPs). LEPs are business led partnerships between local authorities and local private sector businesses. They advise that they play a central role in determining local economic priorities and undertaking activities to drive economic growth and job creation, improve infrastructure and raise workforce skills within the local area. LEP boards are led by a business Chair and board members are local leaders of industry (including SMEs), educational institutions and the public sector.
Find your local Growth Hub here.
Government money has and is being filtered through them for various COVID support packages (all going by various names).
Beware of the information overload though and caveats to funds and loans. Recent recovery fund applications were only accepted for about 2 hours so there is a very real risk of losing a lot of business time getting information together, only to be disappointed.
Furthermore, if you are like so many (just too busy getting on with things, and preferring to rely on your trusted professional network) then it is probably not for you. Do check in when you find a moment though to see if there are any relevant free resources that may be of use to you and your business. In the meantime, there is nothing better than raising a specific business or finance related question with your trusted chosen accountant.
If you are new to Revel and are keen to find out more, please call our consultant Will Bolter FCCA MAAT ATT (our designated COVID-19 response advisor) on 07379 451484 or contact us by email here.