techUK Bulletin, 29 June: COVID-19 Taskforce

techUK's dedicated mailbox remains open for any queries, questions and concerns you may have.

This week’s bulletin focuses on:

  • £200m to help innovative businesses bounce back
  • Updated working safely guidance 

For more information and the latest guidance please visit techUK’s COVID-19 information hub which is updated daily. 


£200m to help innovative businesses bounce back

 

BEIS announced a £200 million package – The Sustainable Innovation Fund, to help innovative businesses to bounce back and keep their cutting-edge projects alive. This fund will be open to companies across all parts of the UK who need financial support to keep going.

 

This funding, delivered through Innovate UK, forms part of a wider £750 million package of grants and loans announced in April to support innovative firms. This sits alongside the new £500 million Future Fund, which provides match-funding to private investors, and has already received over 500 applications since its launch on 20 May.

The Department also announced two support packages to protect research jobs; a new research funding scheme will loan up to 80% of a university’s income losses from an expected decline in international students, and around £280 million will be offered to fund extensions to grants that will help universities to continue their cutting-edge work.


Updated working safely guidance

 

Following on from the Prime Minister's announcement last week that lockdown measures would be eased from Saturday 4 July, updated working safely guidance can be found here. The Government has also produced an updated FAQs which outline what you can and can’t do until – and after – the 4 July. 


How we are supporting our members

 

techUK continues to support our members and the wider tech industry through this period.

Please visit  techUK’s COVID-19 Information Hub  for the latest information and guidance. techUK also continues its work supporting Government.

 

If you wish to make an offer of support you can do so by emailing our dedicated inbox.

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