12. Business update
A new coronavirus package to protect firms driving innovation in UK, called the Future Fund, includes a new £500 million loan scheme for high-growth firms.
There will also be £750 million of targeted support for small and medium sized businesses focusing on research and development.
We continue to focus efforts on providing much needed grants to local businesses. So far, £32.6m has been paid to 2747 eligible businesses. We are currently making contact with the 1200 businesses that have not yet instigated their grant claims. Some businesses may decide not to claim but we still need to know this so we are asking people who receive a letter from us to complete this form.
If you are not eligible, you may be able to access three hours of tailored one to one business advice and support from the Heart of the South West Growth Hub: call 0800 592 872 or visit www.heartofswgrowthhub.co.uk."
For more business releated information please read our business bulletin on the latest updates page.