Four Hertfordshire businesses have secured funding from 'Crowdfund Hertfordshire: Small Business Innovation Fund', aimed at providing support to businesses in the retail, tourism, hospitality and other related sectors most impacted by COVID-19.
Between £2,000 and £5,000 in match funding is available for eligible small and micro businesses within the tourism, leisure, hospitality, retail, arts and cultural sectors from the Crowdfund Hertfordshire: Small Business Innovation Fund. The £200,000 Hertfordshire LEP fund is administered by Visit Herts via the Crowdfunder Pay It Forward Platform. Participating businesses are required to raise money for their project through pledges from their community and loyal customers. Once a business secures their target through their Crowdfunder campaign, successful applicants are able to unlock match-funding from Hertfordshire LEP's fund.