Last chance for cash as council makes final push on small business funding

    11/08/2020


    pounds

    Time is running out for small businesses in Stafford Borough to claim a share of the £3 million that remains from a Government grant scheme.

    More than £24 million has already been paid out as part of the package of help during the Covid-19 crisis.   

    The deadline to apply for up to £25,000 is only two weeks away – and if the money is not given out it will be returned to Government.

    Stafford Borough Council have already funded more than 2,000 small businesses in the borough – but believe there could be around another 170 who could still be eligible.

    The grants of up to £25,000 are available for businesses in the retail, hospitality and leisure sectors with rateable values between £15,000 and £51,000. And £10,000 is going to those entitled to Small Business Rate Relief.

    The council is making last gasp efforts to contact firms this week to tell them how to apply for the money before the Friday 21 August cut-off date. More information and how to apply from www.staffordbc.gov.uk/business-support-coronavirus. The council has also urged businesses who are eligible to fill in their forms accurately to ensure grants are paid directly into their accounts. 

    Councillor Mike Smith, Cabinet Member for Resources, said they had gone above and beyond – including staff working through their weekends - to make sure the money was distributed. “I would hate to think that a business in our area that has struggled financially because of this terrible pandemic will miss out on a vital cash injection to keep them going and protect their staff.

    “Every eligible business who has applied has received a grant. We urge those who have not yet applied, or have not given us the correct information, to do so before time runs out and we have to return the money to central Government under the rules of the scheme.

    “And we would much rather see all £3.2 million in the bank accounts of our borough businesses than going back into Government coffers.”

    You can find more about the criteria and if your business is eligible from www.staffordbc.gov.uk/business-support-coronavirus

    Press Release No 5665

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