A Hertfordshire payroll and bookkeeping company is urging business owners to act now to secure a share of £20 million government funding made available for projects which could help boost the UK’s resilience to the long-term impact of coronavirus.

Hitchin-based Modina Bookkeeping and Payroll says companies must apply now to secure grants of up to £50,000 available to technology and research-focused businesses.

 

They have until noon on Friday, 17 April, to apply for funds to develop new ways of working and help build resilience in industries such as food manufacturing, retail and delivery services. 

 

Applications are also welcome from firms with ideas to support people at home in circumstances such as the ‘lockdown’ imposed by the government to help ease the spread of coronavirus.

 

Sharon Mordecai, Managing Director of Modina Payroll and Bookkeeping, said: “We were approached by Innovate UK to help promote this fantastic opportunity for ambitious companies to help build the UK’s resilience to pandemics such as coronavirus.

 

“This is the perfect time for business owners to submit their innovative plans to keep the country ticking over, not only as we emerge out of the current situation but to make us better prepared should anything like this happen again.”

Innovate UK launched the rapid response competition on Friday, April 3. Ideas including the distribution of goods, how to educate children remotely, how to keep families digitally connected and even new ideas to stream music and entertainment are being sought.

All the projects will begin by June 2020 and will last up to six months, with products and services expected to be available to the public towards the end of this year.

 

Sharon added: “Successful businesses will be able to claim 100 per cent of project costs up to the maximum of £50,000. These will be paid in advance of the project start date.”

 

To find out more details about how to apply click here:

https://apply-for-innovation-funding.service.gov.uk/competition/583/overview or contact Modina’s team of accountants and payroll experts via their free helpline on 020 7183 8241 anytime between 9am and 5pm Monday to Friday.