Braintree District Council launches a new £1.5m discretionary grant scheme to help more small businesses
"I’m pleased that we can now provide financial support to those small businesses and entrepreneurs who have so far been unable to access any other form of grant support."Published: Wednesday, 10th June 2020
Braintree District Council launches a new £1.5 million discretionary grant scheme to help more small businesses impacted by the coronavirus (COVID-19) crisis.
The new scheme, which opens to applications today (Wednesday, 10 June), is aimed at helping certain small businesses which were previously outside the scope of the other business grant fund schemes.
The additional funding will support small businesses, micro businesses and charities with ongoing fixed property-related costs such as rental costs. The authority, in-line with government guidance, is prioritising regular market traders, small charities, bed and breakfasts and businesses in shared work spaces. Other small businesses with ongoing fixed property-related costs will also be considered subject to the availability of funds.
Grants between £2,000 and £10,000 are available, plus up to a maximum of £25,000 in exceptional circumstances. The amount granted to individual businesses will be determined on a case by case basis. The authority expects that most of the grants awarded will be less than £10,000 so as to help as many small businesses as possible.
Small businesses which fit the criteria can apply for this grant up until 5pm on Friday, 26 June.
Businesses should visit www.braintree.gov.uk/coronavirus to find out more about the scheme, the criteria and application process.
Cllr Tom Cunningham, Cabinet Member for Economic Development and Infrastructure at Braintree District Council, said: “I’m pleased that we can now provide financial support to those small businesses and entrepreneurs who have so far been unable to access any other form of grant support. We encourage any business or charity that believes it is eligible, to submit their application as soon as they can. These are grants, not loans, and the money allocated will not have to be paid back. We have worked hard to ensure that the scheme is fair and the funding is distributed to those organisations that need it the most.”