Three Rivers urges businesses to apply for the new business grant
16th June 2020
Three Rivers District Council continues to urge local businesses to see if they are eligible for a new government funding pot designed to help small businesses impacted by COVID-19 who were not able to apply for earlier grant schemes. This new discretionary business grant has been launched to help small businesses in shared offices or flexible workspaces that don’t have their business rate assessments, regular market traders with fixed building costs such as rent, Bed & Breakfasts that pay council tax instead of business rates and charity properties in receipt of charitable business rates relief.
Businesses must also have fewer than 50 employees, been trading on or before 11 March 2020, and show they have had a substantial fall in income due to the COVID-19 crisis.
Sara Bedford, Leader of the Council, said: “We value our small businesses who contribute to our economy and our communities. The last months have been challenging and I would urge anyone who thinks they meet the criteria to apply for this funding. Any businesses who think they may be eligible, please apply as soon as possible to meet the deadline.”
To ensure that as many businesses as possible will benefit from the funding, the council has capped the grant at £5,000. The first wave of applications closes on 29 June and businesses will be notified shortly after as to whether they have been successful.