September 27, 2020

Coronavirus: Government unveils £1.3bn scheme to help start-ups

The government has announced a £1.25bn package to support innovative new companies that are not eligible for existing coronavirus rescue schemes.

It will match up to £250m of private investment and add £550m to an existing loan and grant scheme for smaller firms that focus on research and development.

Adding it up, that totals £800m of new money to support fledgling firms.

Chancellor Rishi Sunak said start-ups would help power the UK’s growth after the coronavirus crisis.

Leave a Reply

Your email address will not be published. Required fields are marked *