Monday 9 November 2020

TBC - Financial support for Tewkesbury Borough businesses

 

image002 Tewkesbury Borough Council

  Press release

  6 November 2020  

 


Financial support for Tewkesbury Borough businesses


In response to a second national lockdown, the government has amended its Local Restrictions Support Grant to include businesses that have been mandated to close between 5 November and 2 December.

  

Tewkesbury Borough Council is responsible for administering and delivering the grant and will welcome applications from Monday 9 November on a rolling 28-day basis for as long as national restrictions apply.

 

Those eligible for grant funding include non-essential retail, leisure, personal care, sports facilities and hospitality businesses.

 

There are three thresholds that will apply to each application:


·      Businesses with a rateable value of exactly £15,000 or under will receive a payment of £1,334 per 28-day qualifying restriction period.

·       Businesses with a rateable value over £15,000 and less than £51,000 will receive a payment of £2,000 per 28-day qualifying restriction period.

·       Businesses with a rateable value of exactly £51,000 or above will receive £3,000 per 28-day qualifying restriction period.

 

There will be a further grant fund which will provide support to some businesses that are not specifically targeted with this mandatory grant and have been impacted by the lockdown. Currently, the details are still being worked through, including eligibility criteria, but when an update is available, it will be published on tewkesbury.gov.uk.


Councillor Rob Bird, leader of Tewkesbury Borough Council, said: “As we enter a second national lockdown, we want to ensure that businesses get all the financial support they are entitled to as quickly as possible. If you think your business is eligible for help, please complete the council’s online application form from Monday.

 

“If you need any further support or guidance, the Tewkesbury Growth Hub team are always on hand to help. They provide free advice on the support announced by the government and will help business owners get some clarity during these uncertain times.”  


The gov.uk website provides additional information relating to these measures.

 

Free support and advice is also available through the Tewkesbury Growth Hub on wider support schemes. For more information, email tewkesbury@thegrowthhub.biz.


ENDS

 

For media enquiries please contact Communications Officer Lisa Davies 01684 272022



Lisa Davies

Communications Officer

Corporate Services

Tewkesbury Borough Council

01684 272022

tewkesbury.gov.uk

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