The European Parliament’s Industry and Research Committee (ITRE) voted in favour of Horizon Europe co-rapporteur Christian Ehlers’s proposal to freeze €811 million in possible future grants and equity financing for European Deep-Tech start-ups on 13 July 2022.

The department for Business, Energy & Industrial Strategy’s (BEIS) Industrial Energy Efficiency Accelerator (IEEA) Phase 4 is now open. This grant offers £8 million in cash grant funding for businesses investing in sustainability.

The Industrial Energy Transformation Fund (IETF) Phase 2 Competition is now open and offers £70 million in grant funding for businesses investing in environmental sustainability!

Officially signed into law on December 27th, the recent omnibus Covid-19 relief bill H.R. 133 reversed the Service’s previous stance regarding the deductibility of PPP-related expenditures.

On the night of December 21^st, Congress approved a $900 billion stimulus package, the Consolidated Appropriations Act 2021. With eyes on COVID 19 relief efforts for businesses, the act renews several provisions, including the Work Opportunity Tax Credit (WOTC), Indian Employment Credit, and Federal Empowerment Zone. The bill also grants a $22M increase in federal funding to increase efficiencies with the WOTC program by using modern technology for the certification process.