SME recovery fund announced

Business funding firm Capify has unveiled a £50m fund aimed at supporting SMEs to recover as lockdown eases.

The Small Business Fund will offer up to £1m to existing companies across a range of sectors that have “exciting and ambitious” growth plans, that want to maintain existing success or that are preparing to reopen as restrictions are lifted.

Capify has been offering business finance for over 20 years, with its UK branch opening in Altrincham near Manchester in 2008. The company has worked with thousands of businesses, internationally and across the whole of the UK. It recently carried out a survey that revealed that 83 per cent of UK SMEs are actively looking for finance, and that 43 per cent of these businesses thought the government’s financial support has not been good enough.

There’s a quick and simple online eligibility checker and application form, which asks for basic information about turnover, how much you would like to borrow, and how the money would be used.

Think Sandwell also urges business owners to check out our coronavirus support pages, which have links to a variety of sources of help and advice.

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