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£1.25 Billion Support Package for Innovative Firms
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.
“Tania Saxby”
“The MAD HR team have been instrumental in supporting the growth of our business from a headcount of 25 to 50. They have supported effectively with managing day-to-day HR topics, offering interesting and engaging training to our teams, as well as providing strategic support on planning and structuring for scale-up.”
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