New funding available for small businesses
18 May 2020Cheshire West and Chester Council has launched its discretionary business grant scheme following the Government’s announcement of additional funding on 1 May.
The window to apply online to the Local Authority Discretionary Grants Fund is open for two weeks from 18 May to 1 June.
The new fund, which offers grants of £25,000, £10,000 or up to £10,000, is aimed at small businesses that can demonstrate they have suffered a significant fall in income because of the COVID-19 crisis, have relatively high ongoing fixed property-related costs and occupy property, or part of a property, with a rateable value or annual rent or annual mortgage payments below £51,000.
The fund is mainly intended to address gaps in the original Government scheme.
Businesses must have been trading on 11 March 2020 and not have received any other Government funding.
The Government is asking councils to prioritise the following types of businesses for grants:
“We have not yet been told how much of the national fund will be allocated to our borough, but know, from early indications, that it won’t be enough to support all the businesses that we would like to.
“We would appeal to all small businesses to take advantage of the support and advice that the Council offers with its partners to help you manage during this unprecedented time.”
For full details of the Local Authority Discretionary Grants Fund and to apply visit the Council's website.
For further information about the support available to businesses, visit: www.cheshirewestandchester.gov.uk and search for COVID-19 business support.