{"id":138,"date":"2021-06-17T14:40:00","date_gmt":"2021-06-17T14:40:00","guid":{"rendered":"https:\/\/www.simplybusiness.co.uk\/about-us\/press-releases\/business-boost-2021-launch\/"},"modified":"2026-04-08T10:56:26","modified_gmt":"2026-04-08T10:56:26","slug":"business-boost-2021-launch","status":"publish","type":"page","link":"https:\/\/www.simplybusiness.co.uk\/about-us\/press-releases\/business-boost-2021-launch\/","title":{"rendered":"\u00a325,000 Business Boost grant launched to help start or grow a small business"},"content":{"rendered":"\n<div class=\"wp-block-group alignfull has-no-margin hero-bg has-global-padding is-layout-constrained wp-block-group-is-layout-constrained has-background\" style=\"padding-top:var(--wp--preset--spacing--150);padding-bottom:var(--wp--preset--spacing--150);background-image:url(&apos;https:\/\/www.simplybusiness.co.uk\/wp-content\/themes\/simply-business-uk\/assets\/images\/faq-bg.png&apos;);background-size:cover;\">\n<h1 class=\"wp-block-heading has-text-align-center has-azure-700-color has-text-color has-link-color has-max-huge-font-size wp-elements-10b26df45a1dfdcf05700b8c2bac7ce7\">\u00a325,000 Business Boost grant launched to help start or grow a small business<\/h1>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">\u00a325,000 Business Boost grant launched to help start or grow a small business<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"wp-block-list-item\">Simply Business competition to win \u00a325,000 opens today for budding entrepreneurs, closing 17 September<\/li>\n\n\n\n<li class=\"wp-block-list-item\">This is the second iteration of the grant \u2013 last year Larissa Cooper, founder of Rowan Bay Baby Wear, beat 15,000 small businesses to win \u00a310,000<\/li>\n\n\n\n<li class=\"wp-block-list-item\">Prize fund increased to \u00a325,000 after a recent study showed SMEs now expect to lose \u00a322,461 each on average in lost earnings from Covid-19 with over 2 million existing small businesses unable to access government schemes<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Simply Business, one of the UK\u2019s largest providers of small business insurance, today announces the launch of its&nbsp;<a href=\"https:\/\/www.simplybusiness.co.uk\/business-boost\/\" data-type=\"page\" data-id=\"354\">\u00a325,000 Business Boost<\/a>&nbsp;grant for 2021 \u2013 designed to help new entrepreneurs launch a small business or help existing UK SMEs bounce back from the challenges posed by the coronavirus pandemic.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Small businesses have a big, positive impact on society. Not only do they account for 99 per cent of all UK businesses and generate \u00a32tn annually to the economy, they provide vital jobs and services within communities right across the UK.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The common barriers to starting a small business are finance, fear and knowledge. So to help overcome this people can apply to win \u00a325,000 cash from Simply Business to help kick-start their business idea &#8211; a significant sum given the average UK start up spends \u00a322,756 in their first year.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Small business owners can&nbsp;<a href=\"https:\/\/www.simplybusiness.co.uk\/business-boost\/\" data-type=\"page\" data-id=\"354\">submit their entries<\/a>&nbsp;from today with the competition closing on 17 September. The winner will be selected by an expert panel before being announced in October.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The 2021 grant is the second iteration from Simply Business, who provide insurance to over 800,000 small businesses and landlords. Last year it gave away \u00a310,000 to one small business owner to help their recovery from Covid-19. Larissa Cooper \u2013 owner of Rowan Bay in Norfolk, who creates and designs sustainable artisan baby wraps and slings \u2013 beat almost 15,000 small businesses from across the UK to win.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Larissa Cooper, Business Boost 2020 winner, said:<\/strong>&nbsp;<em>\u201cThe Business Boost grant from Simply Business has helped me so much. Winning the \u00a310,000 has enabled me to re-stock and order a new line of woven baby wraps for Rowan Bay.<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em style=\"color: var(--wp--custom--color--dark--800);font-weight: var(--wp--custom--font--weight--500)\">\u201cAnd, excitingly, I will soon be collecting my first batch of fleeces from a local conservation organisation ahead of it being processed into wool for my complimentary business Naked Wool. Without the grant, none of this would have been possible, due to the impact Covid had. If you\u2019re thinking about applying \u2013 go for it!\u201d<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A recent&nbsp;<a href=\"https:\/\/www.simplybusiness.co.uk\/knowledge\/business-news\/the-impact-of-covid-19-uk-small-business-2021\/\" data-type=\"knowledge\" data-id=\"987\">study<\/a>&nbsp;from Simply Business laid bare the impact of Covid-19 on UK SMEs. The key findings showed:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"wp-block-list-item\">SMEs have lost \u00a315,673 each so far in lost work and earnings due to the pandemic<\/li>\n\n\n\n<li class=\"wp-block-list-item\">In total, SME owners expect to lose \u00a322,461 each on average, suggesting there are still losses to come, even despite the re openings from government<\/li>\n\n\n\n<li class=\"wp-block-list-item\">Over 840,000 SMEs are not sure their business will ever return to pre-pandemic trading levels<\/li>\n\n\n\n<li class=\"wp-block-list-item\">Over 2.2 million SMEs (37%) still haven\u2019t been able to access government schemes and grants, often seen as a lifeline to help small businesses through the pandemic.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Alan Thomas, UK CEO at Simply Business, comments:<\/strong>&nbsp;<em>\u201cSmall businesses are built on big dreams, and countless self-employed people have seen these dreams put to the test during this most challenging of periods. We want to make a genuinely transformational impact to a small business owner&#8217;s life \u2013 with a cash injection that can put someone&#8217;s big dream back on track.<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>&#8220;And from our research we know \u00a325,000 will do just that. The average cost of Covid-19 to existing small businesses stands at \u00a322,461 \u2013 up from the \u00a311,779 SME owners estimated in May last year. Meanwhile, the average cost for startups in year one alone stands at \u00a322,756.<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>\u201cWe fully appreciate the devastating impact of coronavirus and the subsequent lockdowns on the self-employed \u2013 few have been hit harder. The fact we had almost 15,000 applications last year shows just how important it is to support UK SMEs as they look to recover financially.<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>\u201cSince then, small businesses have had to endure a third national lockdown and various restrictions on trading, and we know the financial impact now will be even greater than this time last year. This is why we\u2019ve taken the decision to increase the prize to \u00a325,000 \u2013 to help match the financial impact suffered by so many small business owners.<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>\u201cAs the country attempts to recover economically, we hope that our Business Boost will provide one small business owner with a significant financial helping hand. Small business success will be crucial to both the economy and the livelihoods of so many up and down the country as the UK looks to bounce back.\u201d<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">To learn more about the Simply Business Business Boost grant and enter the competition, visit:<a href=\"https:\/\/www.simplybusiness.co.uk\/business-boost\/\" data-type=\"page\" data-id=\"354\">&nbsp;https:\/\/www.simplybusiness.co.uk\/business-boost\/<\/a><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">-End-<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Notes to editors:<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Methodology:<br>Data: Study of 1,206 small business owners from across the UK, conducted March 2021<br>Previous survey from last year: Survey of 3,734 small business owners from across the UK, conducted May 2020<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li class=\"wp-block-list-item\">Study of 1,206 small business owners from across the UK, conducted March 2021<\/li>\n\n\n\n<li class=\"wp-block-list-item\">14% of SMEs said they are not sure their business will ever recover from Covid-19. 14% of the UK\u2019s 6 million SMEs = 840,000<\/li>\n\n\n\n<li class=\"wp-block-list-item\">37% of the UK\u2019s six million small businesses = 2,220,000<\/li>\n\n\n\n<li class=\"wp-block-list-item\">UK Parliament Business Statistics, January 2021<\/li>\n<\/ol>\n\n\n\n<h3 class=\"wp-block-heading\">For further information, please contact:<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Frank PR<br>+44 20 7693 7433<br><a href=\"mailto:SimplyBusiness@welcometofrank.com\" target=\"_blank\" rel=\"noreferrer noopener\">SimplyBusiness@welcometofrank.com<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading wp-block-block\">About Simply Business<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><a target=\"_blank\" href=\"https:\/\/urldefense.com\/v3\/__http:\/simplybusiness.co.uk__;!!N96JrnIq8IfO5w!hIDMrGse3KHfJu5_CiqiOsFWnj8k1HROe8Oqz7zCb7P2qVQXkH81IbN1SpIhNqbbhmdQrc22NsXe3U9O5ajDdkHOTa_CgxPfLGQ$\" rel=\"noreferrer noopener\" rel=\"noopener noreferrer\" target=\"_blank\">Simply Business<\/a>\u202fis one of the UK\u2019s biggest business insurance providers, specialising in public liability insurance for small and midsize enterprises. Launched in 2005, Simply Business provides an online brokerage service, delivering policies tailored to individual business requirements.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Using the power of tech and data to create the best possible customer experiences, Simply Business employs over 1,200 people across offices in London and Northampton, UK; and in Boston, Massachusetts; and Atlanta, Georgia, in the U.S. Owing to the insurance provider\u2019s internal underwriting capability and expert panel of insurers, Simply Business can cover over 1,200 trade types \u2013 ranging from plumbers to accountants to dog walkers.\u202fIts UK brand campaign \u2013 \u2018<a target=\"_blank\" href=\"https:\/\/urldefense.com\/v3\/__https:\/www.simplybusiness.co.uk\/campaign\/small-businesses-deserve-our-best\/__;!!N96JrnIq8IfO5w!hIDMrGse3KHfJu5_CiqiOsFWnj8k1HROe8Oqz7zCb7P2qVQXkH81IbN1SpIhNqbbhmdQrc22NsXe3U9O5ajDdkHOTa_CxklTDMU$\" rel=\"noreferrer noopener\" rel=\"noopener noreferrer\" target=\"_blank\">Simply The Best<\/a>\u2019 \u2013 aims to help UK small businesses feel \u2018the best\u2019 about their business insurance.<\/p>\n\n\n\n<div class=\"wp-block-group has-azure-800-color has-cyan-100-background-color has-text-color has-background has-link-color wp-elements-27d09acdf0f5ac5753afb163fea63c8b has-global-padding is-layout-constrained wp-container-core-group-is-layout-80fb368b wp-block-group-is-layout-constrained\" style=\"border-radius:8px;padding-top:var(--wp--preset--spacing--30);padding-right:var(--wp--preset--spacing--30);padding-bottom:var(--wp--preset--spacing--30);padding-left:var(--wp--preset--spacing--30)\">\n<p class=\"has-text-align-center wp-block-paragraph\">We create this content for general information purposes and it should not be taken as advice. 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d=\"M19.7,3H4.3C3.582,3,3,3.582,3,4.3v15.4C3,20.418,3.582,21,4.3,21h15.4c0.718,0,1.3-0.582,1.3-1.3V4.3 C21,3.582,20.418,3,19.7,3z M8.339,18.338H5.667v-8.59h2.672V18.338z M7.004,8.574c-0.857,0-1.549-0.694-1.549-1.548 c0-0.855,0.691-1.548,1.549-1.548c0.854,0,1.547,0.694,1.547,1.548C8.551,7.881,7.858,8.574,7.004,8.574z M18.339,18.338h-2.669 v-4.177c0-0.996-0.017-2.278-1.387-2.278c-1.389,0-1.601,1.086-1.601,2.206v4.249h-2.667v-8.59h2.559v1.174h0.037 c0.356-0.675,1.227-1.387,2.526-1.387c2.703,0,3.203,1.779,3.203,4.092V18.338z\"><\/path><\/svg><span class=\"wp-block-social-link-label screen-reader-text\">Follow Simply Business on LinkedIn<\/span><\/a><\/li><\/ul>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>\u00a325,000 Business Boost grant launched to help start or grow a small business \u00a325,000 Business Boost grant launched to help start or grow a small business Simply Business, one of the UK\u2019s largest providers of small business insurance, today announces the launch of its&nbsp;\u00a325,000 Business Boost&nbsp;grant for 2021 \u2013 designed to help new entrepreneurs launch 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