Applications for the additional small business grants are now closed. All applications will be assessed over the next fortnight and applicants will be contacted within this time to inform them of the outcome of their application.
In response to the coronavirus pandemic, the government had previously launched support for small businesses, and businesses in the retail, hospitality and leisure sectors, delivered through the Small Business Grant Fund and the Retail, Leisure and Hospitality Grant Fund. Our Economy Team administers these funds and distributes payments.
This fund is aimed at small businesses that were not eligible for the Small Business Grant Fund. It targets small businesses with ongoing fixed property-related costs, and loss of income. The funding allocation of £969,250 will help around 150 local businesses. Decisions on the grants will be made by our Economy Team to assist a range of additional local businesses that contribute to the Borough’s local economy, within broad parameters set nationally but with local flexibility.
Council Leader, Councillor Keith House, said: “We’re so pleased to be able to help smaller businesses in the Borough that have not yet received any financial aid during this crisis. These businesses contribute a great deal to our local economy and we want to see them continuing to trade successfully in the future.”
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