HERTFORDSHIRE SUPPORT PACKAGE
Crowdfund Hertfordshire: Small Business Innovation Fund - This scheme will support small and micro businesses within the tourism, leisure, hospitality, retail, arts and cultural sectors. Hertfordshire LEP has set aside £200k to support the scheme, which will be administered by Visit Herts and offer grant funding up to a maximum of £5,000 on a £1 for £1 match basis.
Hertfordshire Business Expansion Grant Scheme - Open to all SMEs, subject to eligibility for receipt of European Regional Development Fund (ERDF) funds. Grants for capital expenditure will range from £10k to £100k and will require a minimum £1 for £1 match and the creation of at least one new job. Hertfordshire Growth Hub will manage enquiries and make referrals to the LEP and its programme partner Finance South East for grant consideration.
For further information please visit https://www.hertfordshirelep.com/what-we-do/projects/hertfordshire-business-expansion-grant-scheme.
Respond, Adapt & Strengthen Grant - This scheme is designed to help SMEs in Hertfordshire to recover. Funded by the European Regional Development Fund (ERDF), eligible SMEs will receive a grant of between £3,000 and £5,000 for specialist advice.
The grant is available to help you get access to one-to-one specialist advice to help address your immediate needs. This could be, for example, help to develop product offerings, rebuild a viable business model or obtain legal advice.
To apply for the grant you must be registered on the Hertfordshire Growth Hub website and have completed your business diagnostic. Following this, you’ll need to visit the funded support listing on the Marketplace and use the contact form to express your interest.
Follow the links below to register, login and express your interest:
Register on the Hertfordshire Growth Hub website
Login to your Hertfordshire Growth Hub account
Express your interest in the grant
To be eligible for this grant a business must:
Be an SME (including third sector organisations, social enterprises and trading charities) based in Hertfordshire
Have been negatively impacted by COVID-19
Be able to demonstrate the potential to survive and rebuild following the impact of COVID-19
For further information please visit https://www.hertsgrowthhub.com/news-blogs/40550-New-Grant-Funding-Available.
Please note the Respond, Adapt & Strengthen Grant fund is now closed to applications.
Volunteer Business Support Scheme - Hertfordshire Growth Hub, in partnership with the University of Hertfordshire, have devised a free business mentoring scheme. Micro, small and medium sized businesses in the county who are struggling as a result of the pandemic, can utilise the scheme and gain ongoing support.
Mentors will listen to the challenges your business is facing through telephone, video calls and email. All mentors are highly experienced in managing or coaching at a strategic level and will be matched to you based on their experience within your sector or specific situation you are facing. They will provide support in the areas you are struggling with and point you in the right direction of finance and support packages available in Hertfordshire.
For further information please visit https://www.hertfordshirelep.com/news-events/news/calls-for-volunteers-to-help-businesses-in-crisis.
Peer Networks - Hertfordshire Growth Hub have launched their new Peer Networks initiative for small business leaders that want to grow and develop their organisation for future success.
The programme creates diverse cohort groups of individuals to collaboratively work through common business issues. Through interactive action learning, this enables the discussion of challenges and provides valuable feedback to implement practical solutions to overcome them. From finance and HR to sales, marketing and more, an expert facilitator will give you the flexibility to create a trusted support network, helping to build and strengthen your business and improve overall performance.
Businesses that seek external advice or undertake formal training are more likely to improve their overall performance, but many prefer to take advice from trusted sources when presented with external challenges and opportunities.
This is an opportunity to network with other likeminded business via fortnightly meetings hosted by an expert facilitator and you will also receive 1-2-1 support tailored to your business.
For further information please visit https://www.hertfordshirelep.com/news-events/news/new-peer-networking-programme-for-smes-launched-in-hertfordshire/.
Hertfordshire Community Foundation Coronavirus Relief - The programme will provide grants of up to £20,000 to small charities and local community groups working with those considered to be the most vulnerable during the COVID-19 outbreak.
For further information please visit https://www.hertscf.org.uk/coronavirus-phase2.