We are are redirecting £600,000 from our Local Growth Fund for small and medium-sized enterprises (SMEs) to make sure that micro and small businesses can access emergency funding. The Solent LEP Pay it Forward fund provides support for existing micro and small businesses seeking to cope in challenging trading conditions as a result of the COVID-19 pandemic.
There are a number of business opportunities arising as a result of this current situation, and we are aware of businesses gaining new pound contracts in the last couple of weeks. We are keen to share these opportunities with you as soon we hear about them.
The Government recently announced a small business recovery grant and a Kick-starting Tourism Package. The funding being provided to businesses is supported by the England European Regional Development Fund (ERDF) as part of the European Structural and Investment Funds Growth Programme 2014-2020.