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COVID-19 business grants scheme to end on Friday 28th August 2020

| August 13, 2020

The COVID-19 business grants scheme is set to end on Friday 28th August 2020.

There are just two weeks left for small businesses in Buckinghamshire in the retail, hospitality and leisure sectors that haven’t already applied for coronavirus business grants to claim before applications for business grants close on Friday 28th August 2020.

In addition, applications for a second phase of discretionary grants will close at midnight on Sunday 16th August 2020.

So far £83.9 million has already been paid out by Buckinghamshire Council to 6,399 eligible businesses since the business grants scheme was launched over three months ago in response to the coronavirus crisis.

The finance team at Buckinghamshire Council worked weekends to process the flood of applications when the scheme was first launched and have continued to respond quickly as the number of applications has tailed off.

The importance of the grants was flagged up by Cllr Katrina Wood, Deputy Leader and Cabinet Member Resources for Buckinghamshire Council, who said: ‘These grants have been vital to our economy – helping ensure the survival of shops, cafes, hotels, restaurants and many other businesses.

They have helped local businesses meet expenses during unprecedented times when there was very little money coming in and kept them going until things started to return to a new normal.

We received just over just over £91.8 million from government, meaning we have paid out over 91% of the available funding. There is almost £8 million still available and I urge any businesses who may be eligible to apply before the closing date.

Any funds that remain unallocated after Friday 28th August 2020 will be returned to the government.

Further details about about eligibility and to apply for business grants can be found at www.buckinghamshire.gov.uk/businessgrant.

The grants are available to all eligible businesses and, as they are grants and not loans, do not need to be repaid.

There is also still time to apply for the second phase of Local Authority Discretionary Grants which can help businesses with fixed property costs such as rent, utility and broadband bills. Further information and an application form can be found at https://bbf.uk.com/business-support/local-authority-small-business-discretionary-grant.

Buckinghamshire Council are working in partnership with Buckinghamshire Business First who can help businesses with general support, advice, free webinars and information. Further information can be found at bbf.uk.com or email [email protected].

*Source of article : Press release from Buckinghamshire Council.

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