Support for Members during the pandemic
Coronavirus guidance for small businesses
We aim to help our members during this difficult period by focusing on business support activities that will enable you to re-engage with the market when the time is right. A concise list of opportunities in access to finance, meet the buyer e-events, and masterclasses are listed in our newsletters.
We have also included below a list of features and contacts who can support you on a range of topics.
COVID-19 Business Support from HM Government
- Loans, tax relief, and cash grants are available for small businesses
- Employers can apply for staff to get up to 80% pay if they cannot work
- Self-employed people can receive up to £2,500/month in grants for at least 3 months
Coronavirus Future Fund Scheme
The UK Government launched a scheme that issues convertible loans between £125,000 to £5 million to innovative companies that are facing financing difficulties due to the Coronavirus outbreak.
Response Options for Business to COVID-19 and the Government Initiatives
Cambridge Cleantech Founder member Price Bailey’s experts explain in detail the options to businesses that are considering how to respond to COVID-19 and the Government’s support schemes.
Clean Growth Fund
The UK Government has launched a new £40 million Clean Growth Fund to supercharge green start-ups during the pandemic.
Triple Point Kick-Start Campaign for UK start-ups
Triple Point will invest between £100-£150k at pre-money valuations between £1m-£1.5m. To be eligible your business must meet the following criteria: Be B2B or B2B2C, UK based, Software (rather than hardware), and EIS qualifying.
Low Carbon Technologies Fund 2 from Turquoise
Turquoise deploys £11m of capital to early-stage businesses whose technology or projects contribute to greenhouse gas savings.
MCS Charitable Foundation
MCS Charitable Foundation is open to funding a range of projects that advance our mission to accelerate the adoption of renewable energy and low carbon technologies.
What about mental health?
As we are once again instructed to stay home due to the pandemic, it might be more challenging to keep good mental health. Here’s a short guide for better mental health during those challenging times.
Anglia Ruskin University is offering a series of initiatives to help businesses affected by covid-19
Anglia Ruskin University (ARU) has announced measures to collaborate with business, public sector, and community organisations to help the region recover from COVID-19 and to stimulate further economic growth. For more information, view our news page.
Businesses in the Cambridge area are being offered expert support to help speed their recovery from the coronavirus crisis.
The scheme, offered by our member creative warehouse, will provide companies support with all their communications needs, from value proposition to elevator pitch, website, presentations, social media, design work, and business development strategy. An initial consultation will be free, with follow up support at half Creative Warehouse’s usual rate. For more information, contact email@example.com.
Convertible Loan Notes – An Alternative Form of Finance During COVID-19
The Goodwin team explores the opportunities of using Convertible Loan Notes as a way to secure funding in these difficult times.
Releasing cash in a pandemic — What all businesses need to assess right now
In this think piece, the Catax team explores the tax relief schemes that companies of all sizes are often unaware of but can use to boost their bottom line.
COVID-19: KEY INSURANCE ADVICE FOR SMALL BUSINESSES
Cambridge Cleantech associate founder member S-tech offers free legal advice, including existing insurance policies and required covers during the pandemic.
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