£5m COVID support package for businesses
January 26, 2021
£5m COVID support package for business
A raft of new support programmes for small businesses and apprentices is set be launched through a Staffordshire councils’ partnership.
What is included?
– More funding on top of the Additional Restrictions Grant managed by the district and borough councils – the county council will be investing £860,000 towards the scheme.
– Contributing to the cost of apprentices through ‘The Staffordshire 500’ Apprentices Wage Support programme – Supporting smaller businesses not paying into the national apprenticeship levy by contributing to the cost of the wages of 16 to 24 year olds. This could create up to 500 apprentices.
– Up to £5,000 for re-training through the ‘Nil Cost Training for Employers Top-up Project’ – Offering businesses the opportunity to up-skill employees or train new staff if looking to change business operations or enter new markets. Up to £5,000 would be provided and matched through other funding sources. Up to 400 Staffordshire businesses could be supported over the next 15 months through the programme.
– The Small Business ‘To Thrive’ Financial Support programme – would offer grants to small businesses between £2,000 and £5,000 to cover expenditure costs. Applicants would need to demonstrate all the measures they have put in place to remain open during the restriction period.