Business milton keynes —

Business in Milton Keynes during Covid-19

Remember that we're in this together.
By Jordan Martin-Smith | Updated 16th June 2023 • 3 min read

It's been a tough time, but there's hope

Like any city (or country for that matter), MK has felt the impact of the pandemic and the related restrictions. For one of the fastest growing towns in Europe, it unfortunately has seen a rise in unemployment by over 100%, increased business closures and an overall decline in economic wealth.

However its not all doom and gloom, especially as we can finally see the light at the end of the tunnel.

With this in mind, I thought I’d highlight some useful resources that if you didn’t know about already, might help you better navigate this challenging time.

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Business Grants.

milton keynes council logo

There’s been a number of grants released for businesses to take advantage of. The Milton Keynes Council site highlights the main grants available, including (but I’m sure not limited to:

SEMLEP are also releasing information of the Recovery and Resilience Grants available with funding available between £5,000-£50,000.

semlep growth hub logo

The grants are designed to build resilience for businesses that have been affected by Covid-19 by supporting investment projects that will create a significant, positive impact on the business’s future. You can find more resources and information from SEMLEP on their Business Advice and Support page.

Local support.

restart restore renew mk logo

It’s not all about business either, real people that don’t run their own businesses have also struggled through this time. But fear not, again there is more local support to help individuals feeling the effects of prolonged restrictions and lockdown.

As part of the ‘Restart, Restore, Renew MK’ initiative, young people, working parents and the environment will apparently benefit from the local Council’s £2.2million COVID-19 economic recovery package.

This package is designed to facilitate the following:

As well as many more objectives which all genuinely sound very promising for the local community.

Other Opportunities worth noting.

If you haven’t read our article on Business in Milton Keynes already, now is the time. We’ve highlighted some of MK’s strongest selling points for starting or moving your business to the city of dreams.

Another strong recommendation and something we personally have benefited from was participating in an Incubator programme. We were accepted on the NatWest Accelerator Programme back in 2019.

natwest logo

The NatWest Accelerator supports and empowers UK entrepreneurs to scale their businesses to the next level. Their fully funded Accelerator programmes specialise in High Growth, Climate, FinTech and Purpose-led with the goal of providing:

Needless to say, this support is invaluable for young growing businesses, and just to highlight the fact that this is fully funded (free), there is really nothing to lose and so much to gain.

I hope the information above gives you some hope and optimism for the future of business in Milton Keynes. We certainly see a bright future and hope when you’re ready to start your business journey, you’ll think of for your digital needs. build and optimise websites specific to your needs and your business. Want to get serious about your website? Get in touch and talk to the team.

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