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£1.25 Billion Support Package for Innovative Firms

20th Apr 2020
Business, Coronavirus, Leadership

Support for Innovative Firms

UK businesses driving innovation and development will be helped through the coronavirus outbreak with a £1.25 billion government support package, the Chancellor announced today (20th April 2020).

The package, called the Future Fund,  includes a £500 million investment fund for high-growth companies impacted by the crisis, made up of funding from government and the private sector.

SMEs focusing on research and development will also benefit from £750 million of grants and loans.

UK businesses driving innovation and development will be helped through the coronavirus outbreak with a £1.25 billion government support package, the Chancellor announced today.

Rishi Sunak said the targeted and tailored help would ensure firms in some of the most dynamic sectors of the UK economy – ranging from tech to life sciences – are protected through the crisis so they can continue to develop innovative new products and help power UK growth.

 

Access our full range of HR guides on the Coronavirus Support Hub 

If you have any immediate or urgent issues get in touch with us to discuss your options in these tough and uncertain times. 

Essex 01245 410201  |   Suffolk 01473 360160   |   Norfolk  01603 791256 

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