Borough has handed out more than 90 per cent of local business funding
CHARNWOOD Borough Council has distributed more than 90 per cent of government funding designed to support businesses through the Coronavirus pandemic.
So far 2,442 businesses have received grants totalling £29.46m since the funding was made available in April.
The council has been working to ensure eligible businesses receive the much-needed funding as quickly as possible.
Coun Tom Barkley, deputy leader and lead member for finance and property services, said: “Staff across the council are working incredibly hard to pay as much money as possible to businesses in need of support.
“Knowing we have been able to help so many businesses is heartening, but we will continue to look at further ways to help companies across the borough to work through these difficult times.”
The council was allocated a funding pot of £32m to support local businesses, with eligibility criteria set by the government.
Grants of £10,000 and £25,000 have been distributed to eligible businesses in the retail, hospitality and leisure sectors. Businesses in receipt of business rate discounts have also received funding.
Organisations yet to apply should visit the council’s website and complete the short online application form.
The government recently announced a further scheme to support businesses who have yet to benefit from grants. A fund of £1.6m is available in Charnwood.
Although broad guidelines were issued by the government, councils have some discretion to develop eligibility criteria, work continues to produce these in Charnwood and it is hoped funds will be available in June.
For further information and support for businesses visit www.charnwood.gov.uk/coronavirus_business_ support.