Solent LEP launch £0.6m Coronavirus Crowdfunder
Following an Extraordinary Board meeting on 27 March, the Solent LEP Board have agreed the immediate release of £0.6m via Crowdfunder, with more available if demand is there.
Solent LEP is the first LEP in the country to use this innovative approach to funding.
Find out more at: https://solentlep.org.uk/crowdfunding-programme-pay-it-forward/
Solent LEP are redirecting £600,000 from their Local Growth Fund for small and medium-sized enterprises (SMEs) to make sure that micro and small businesses can access emergency funding.
This is to help small companies to keep trading, to maintain cash flow and to stay connected with their customers during these uncertain times; it is also there to help them bounce back once the situation is resolved.
The Pay it Forward initiative enables the self-employed, micro and small businesses to generate sales by pre-selling their goods or services or diversifying their offer.
Crowdfunder will help you to tell your story, Enterprise Nation will support with online sales, marketing and finance training, and Solent LEP will match any funds raised through the scheme.
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