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Business Grant scheme set to reach more from Monday

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Home   News   Business Grant scheme set to reach more from Monday

Business Grant scheme set to reach more from Monday

Posted on 8 Jun 2020
THE Business Grants Scheme – which has supported hundreds of North Ayrshire firms – is being extended.

From today (Monday 8 June), the third phase of the scheme will be introduced to give tenants or occupiers of premises such as shared office spaces, business incubators and shared industrial units an opportunity to receive a single, one-off £10,000 small business grant. There is specific criteria that has to be met, however, this change is welcome in cases where businesses are not necessarily the registered ratepayer.

The £10,000 and £25,000 Business grants were introduced by the UK Government to mitigate for loss of income with businesses across the country closed down to slow the spread of Covid-19. This was followed by a Phase 2 of the scheme and a £2,000 hardship grant to support those newly self-employed on or after 6 April 2019.

Local authorities across the country have been tasked with dealing with the applications – and ultimately providing the lifeline financial support.

And so far North Ayrshire Council has helped administer and distribute over £20 million  to help mitigate from the impact of lockdown and the ongoing economic uncertainty.

Councillor Alex Gallagher, Cabinet Member for Economy, said: “These are difficult times for all our local businesses.

“The Council’s Business team are there to offer as much support as possible and are working tirelessly, along with colleagues in Finance, to process so many business grants. These are lifelines for many businesses, and we hope that they can emerge from this bigger and stronger.  We recognise how tough it is going to be.

"With restrictions easing ever so slightly, with more likely easing in next few weeks, we would urge people to support our local businesses as much as possible.

“When we reach the other side of the Coronavirus crisis it’s vital that our local businesses are there to kick-start our economy.”

Eligibility for such small businesses is subject to detailed verification criteria but irrespective of the use or rateable value of the property.

Application forms can be found at https://www.north-ayrshire.gov.uk/coronavirus/Business-licensing-Coronavirus-COVID-19-updates.aspx