East Suffolk Council has paid out COVID-19 business grants to 1,409 businesses in East Suffolk to date, worth a total of £16,685,000.
Since the government announced its business grant package, Council staff have been working hard to ensure local businesses are aware of the funding available to them and how to apply for the much-needed financial support they are entitled to through the scheme.
As part of this, the Council has already contacted over 7,000 businesses who they believe may be eligible for the Small Business Grant Fund of the Retail, Hospitality and Leisure Fund and anyone who thinks they may qualify under the government’s criteria are encouraged to apply as soon as possible. If all information provided as part of the application is accurate and up to date, payments are processed in around five to six working days.
Cllr Craig Rivett, Cabinet Member for Economic Development, said: “We know this is a very difficult time for a lot of our businesses, and we are committed to doing all we can to support them through this.
“We have received just under 3500 applications to date, and our staff have been working extremely hard to process these and pay out the grants as fast as they can, as we know these are a lifeline to many businesses. So far, they have validated 1,409 applications and paid out just under £16.7 million.
“It is important to understand that these grants are not loans that will need to be paid back, and they can make the difference between a business closing or surviving. We want our businesses to come out the other end in the strongest possible position to recover, therefore, I urge all small and medium businesses who haven’t yet, to check if they are eligible for these grants. Even if you’re not sure, it is worth checking”.
The online form and more details about how to apply with full eligibility criteria can be found at www.eastsuffolk.gov.uk/covid-19-business-grant-funding.
Information about the help and advice available for businesses during the COVID-19 outbreak can also be found at https://eastsuffolkmeansbusiness.co.uk/business-support/resources/covid-19/