Daily Briefing: Your latest Grants and COVID Scheme Updates

With so many new Grants and COVID scheme updates every day it's hard to keep track of them all - let alone understand how they apply to you. That's why we've created a Grants and COVID Daily Briefing so you can instantly find the right information and make the right decisions for your business.

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Latest Grants and COVID Scheme Updates: 27 November 2020



Sector Funding

£9.5m set to launch for retail and hospitality firms in Liverpool City Region

The Liverpool City Region Combined Authority has announced that it is set to launch a new £9.5 million for small businesses, sole traders and self-employed workers in the retail and hospitality industry that have been excluded from Government COVID grants to help them get through the COVID crisis and ensuing lockdown.


Sector Funding

Medical technology trial grants available for life science SMEs in the South East Midlands

The ACTIS programme from Medilink is providing grants of up to £50,000 for life science SMEs in the South East Midlands (Bedfordshire, Buckinghamshire, Northamptonshire) to help them support trials of new medical technology products.


Sector Funding

Funding available for feasibility studies in battery development for vehicles

Round 4 of the Faraday Battery Challenge from Innovate UK is providing a total fund of £10m for businesses to fund feasibility studies that will support innovation in the design, development and manufacture of batteries for the propulsion of electric vehicles. Projects may cost between £100,000 and £1 million, and applications close on 9 December 2020.


Sector Funding

Innovation support grants available for life science SMEs in Leicestershire

The SoLSTICE programme from Medilink is providing grants of up to £20,000 for life science SMEs based in Leicester and Leicestershire to help them fund innovation projects that will lead to new products, processes or services.


Sector Funding

Medical technology trial grants available for life science SMEs in Leicestershire

The SoLSTICE programme from Medilink is providing grants of up to £50,000 for life science SMEs based in Leicester and Leicestershire to help them fund clinical trials to evaluate new medical products and technologies.


Travel Regulations

UK removes Latvia and Estonia from travel corridor list

The UK Government has removed Estonia and Latvia from their list of travel corridors, meaning that from 28 November 2020, travellers arriving in the UK from those countries will need to self-isolate for 14 days. Several countries and territories however, including Aruba, Bhutan, Mongolia, Timor-Leste and several pacific island states, have been added to the UK's list of travel corridors.


Lockdown

Northern Ireland enters new lockdown

Northern Ireland has gone back into lockdown today (27 November 2020) and will remain so until 10 December 2020. Hospitality venues such as cafes, restaurants, pubs, bars and social clubs must therefore remain closed unless they are providing takeaway services, leisure and entertainment venues must also close, while hotels and accommodation providers can only open on a restricted basis.


Grant Funding

UK Government to provide £442m for British Business Bank to support SMEs

The UK Government has committed £442 million to the British Business Bank for 2021-2022 to provide access to finance for small businesses across the UK. The funds include £56.5 million to finance an expansion of the bank’s start-up loans scheme.


Coronavirus Business Interruption Loan Scheme

Kingsway Asset Finance accredited for CBILS lending

Kingsway Asset Finance has been accredited by the British Business Bank as a new lender for the Coronavirus Business Interruption Loan Scheme. Kingsway, part of Praetura Asset Finance, will be offering term loan funding of between £50,000 and £150,000 over two to five years, with no capital repayments for the first 12 months.

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