New help for small businesses in Gedling borough amid coronavirus pandemic

 New help for small businesses in Gedling borough amid coronavirus pandemic
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Businesses in Gedling borough that were ineligible for support during the government’s first round of funding can now apply for a new grant.

Local market traders, charities and small and micro businesses in shared offices can now apply for support through a new government funded Discretionary Business Grant Scheme administered by Gedling Borough Council.

Applications opened yesterday (June 2) and eligible business have two weeks to apply. The council has been awarded a total of £897,250 that can be allocated to support eligible businesses. 

Small and micro businesses with fixed property costs that are not eligible for the Small Business Grant Fund or the Retail, Hospitality and Leisure Grant Fund may be eligible for the new Discretionary Grants Scheme.

Cllr_Michael_Payne
PICTURED: Cllr Michael Payne

Businesses are eligible even if they have applied for the Coronavirus Job Retention Scheme or the Self-Employed Income Support Scheme.

Businesses that have fewer than 50 employees, have fixed building costs such as rent and have been impacted by coronavirus can apply for a grant of £25,000, £10,000 or any amount under £10,000. They are not required to pay the money back but it is taxable.

Applications must be made directly to Gedling Borough Council by visiting www.gedling.gov.uk/discretionary-grants and the deadline for applications is 11.59pm on Tuesday, June 16, 2020 the council will be responsible for deciding on whether or not the grant can be applied.

Deputy Leader of the Council, Cllr Michael Payne said: “Coronavirus has hit local businesses hard, with many forced to close and others seeing their takings fall dramatically. This new grant scheme will go some way to helping  those small & micro businesses that haven’t been able to access earlier schemes.

“The funding for this scheme is capped and limited by the government and is highly unlikely to be enough to support all those in desperate need of help. We want to help as many local businesses as we can, so we will continue to lobby the government to provide further funding and support for local businesses in Gedling Borough.

“I’d urge local businesses to read the eligibility criteria for this scheme on our website and to apply without delay.”

Gedling Eye Reporter

Gedling Eye Reporter

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