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COVID-19 Advice for business - Innovative companies set to benefit from £40m Government boost

Article

COVID-19 Advice for business - Innovative companies set to benefit from £40m Government boost

20 May 2020

1 minute read

Business Secretary Alok Sharma announced today that the government is doubling investment in the Fast Start Competition with an additional £20 million.

COVID-19 Advice for business - Innovative companies set to benefit from £40m Government boost - news article image

Business Secretary Alok Sharma announced today that the government is doubling investment in the Fast Start Competition with an additional £20 million.

The competition aims to fast-track the development of innovations which have come about as a result of the covid-crisis whilst supporting the UK’s next generation of cutting-edge start-ups 

Among the successful projects to receive the funding to date, is a virtual-reality surgical training simulator and an online farmers’ market platform.

The investment comes from a £211 million government support package to drive forward business-led innovation and is part of a wider investment package of £1.25 billion for innovative UK businesses which as announced by the Chancellor on 20 April 2020.

To apply for innovation funding, please visit https://www.gov.uk/apply-funding-innovation

Author:

Fran Kidd

Associate Director Clients & Markets

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Author:

Fran Kidd

Associate Director Clients & Markets

Need expert advice?

Speak to an expert for advice on
+44-1865 292200 or get in touch online to find out how Shaw Gibbs can help you

Email
info@shawgibbs.com

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