Time running out for businesses to get coronavirus cash

    08/07/2020


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    There are only a few days left for small businesses in Stafford Borough to claim a share of a £1.2 million pot.

    The Borough Council has written to around 600 businesses who have not been covered by previous Covid-19 grants. 

    The cash is aimed at those with high property-related costs who have suffered a substantial drop in income as a result of the virus but could not access the existing schemes.

    But since its launch in June the council has only received around 120 applications – with many not providing the correct information to be eligible for the money. And the closing date for applications to be submitted is Monday (13 July).

    Deputy Council Leader, Mike Smith, Cabinet Member for Resources, is calling on businesses to get in touch quickly so they don’t miss out on the grants - and stressed the need to give accurate information.

    “We know there are many businesses who were not eligible for previous financial help and we are keen to ensure they don’t slip through the net and end up with nothing in these desperate times.

    “I am really pleased we have this extra funding available for small businesses. To some of our hardest hit this money may be the opportunity to protect the future of employees or the difference between survival or going under.

    “But we do need people to provide us with accurate information so we are able to process their applications quickly.” 

    The Borough Council has already handed out more than £24 million to local firms as part of the Government-backed coronavirus grants scheme. 

    In order to be considered for up to £25,000 funding a business must:

    • Be a small or micro company, 
    • Have been trading on 11 March 2020 
    • Have significant fixed property costs 
    • Not have a rateable value exceeding £51,000
    • Have suffered significant income losses as a direct result of covid-19

    Details of criteria and how to apply is available at (page no longer available) 

    Any business who has benefitted from the existing coronavirus grants will not be eligible to apply.

    Press Release No 5657
     

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