£7.6m Business Support

Published on: Friday, 17th April 2020

More than £7.6m of support grants have now been approved by Erewash Borough Council to help 619 business ratepayers in the borough hit by the financial impact of the coronavirus.

The latest batch of payments has seen more than £4m in total paid into the bank accounts of 381 business accounts on Friday (17th) where the council has all relevant details.  Customers will receive an email from the council to confirm when a grant is paid into their bank account.

It follows the roll-out of the first Covid-19 grants to local firms last week when more than £3.5m was paid to the first 238 businesses.

Work continues to raise awareness of the grants with those businesses in the borough who do not have a direct debit account.  For these businesses, grants will be paid more quickly if they complete the online form on the council’s website www.erewash.gov.uk 

Eligible businesses in the borough are receiving grants of either £10,000 or up to £25,000 after the government announced that it was providing extra support for business ratepayers.  The aim is to support local businesses suffering significant financial impact due to the coronavirus. 

Councillor Wayne Major, Erewash Borough Council’s Deputy Leader and Lead Member for Resources, said: “We pledged to work as quickly as possible to get this support out to our business community once the government released the funding and that is what we have done.  We do understand the difficulties businesses are facing in these challenging times and we will continue to work hard to reach all the businesses that are eligible for this support. We’re here to help.”

The government announced a package of temporary grant funding measures aimed at supporting businesses. These include small business grants of £10,000 for all businesses in receipt of small business rate relief or rural rate relief and grants of up to £25,000 for businesses in the retail, leisure and hospitality sector.

The council continues to keep businesses and residents informed on the latest situation via updates on its website and social media channels.

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