Freelancer platform Fiverr this week launches a new monthly micro-grant to help UK SMEs source the creative skills they need to grow.

The grant – which gives entrepreneurs £500 to spend on the Fiverr platform – has already had over 2,800 applications in just three days, proving high demand amongst British small businesses.

The first month’s prize also includes an additional £500 cash.

Andrew Wray, Fiverr’s UK Country Manager, said:

“Running a small business today means being an expert at everything, from marketing to sales to tech. It’s demanding and when extra hands are required, Fiverr provides easy access to affordable, high-quality freelance support.

“We hope this Micro-Grant campaign goes a little way to helping some of the UK’s 5.9m small businesses thrive and strengthen their position as the backbone of the British economy.”

To be eligible to enter, companies must have fewer than 250 staff – and they can apply via the Fiverr website: Four winners per month will be chosen based on the quality of their business ideas.

The Micro-Grant is another step towards increased engagement with the UK, after Fiverr launched its first London office in March.