GRANT SUPPORT FOR BUSINESSES

Erewash Borough Council will confirm details of how new business rates support grants will be provided within the coming days. The government announced that it was providing extra support for business ratepayers and local authorities have been waiting to receive the government funding along with final guidance on the temporary measures in response to the Coronavirus. The council confirmed today that all business ratepayers who have a direct debit set up will be paid the grants automatically very shortly. Others will be contacted by letter, text or post with a form also available on the council’s website to complete a declaration and provide bank details.

The government announced a package of temporary grant funding measures aimed at supporting businesses through the disruption. These include small business grants of £10,000 for all businesses in receipt of small business rate relief or rural rate relief. Other support includes grants for businesses in the retail, leisure and hospitality sector of up to £25,000.  Councillor Wayne Major, Erewash Borough Council’s Deputy Leader and Lead Member for Resources, says: “This is a fast-moving situation, with local authorities having to react and put measures in place across all service areas. As soon as the Chancellor announced the measures, we have been taking on board the guidance and will be in a position shortly to provide the grant support that we know so many businesses need at this time.”

Full details of the government’s business support measures can be found at gov.uk and the council will keep businesses informed locally through direct communication and via updates on its website and social media channels.