New figures reveal a total of £13.9 million in grants have been paid out to more than 1,000 small or retail and hospitality & leisure businesses in Redditch to support them during the coronavirus pandemic.
In recognition of the extraordinary pressures facing small businesses during the coronavirus outbreak, the Government launched the Small Business Grants Scheme, backed by £12.3 billion. The funding is provided to local councils, who are then able to offer grants of up to £10,000 to small businesses, and up to £25,000 for eligible leisure, retail and hospitality businesses.
1,165 businesses in Redditch have been provided with a total of £13.9 million in grants during the pandemic through the Small Business Grants Fund, the Retail, Hospitality & Leisure Grants Fund, and the Discretionary Grants Fund.
“I’ve spoken first-hand to business owners in Redditch who have told me the grants they’ve received have been a lifeline.
“It’s hugely reassuring to know that the support announced by the Government has reached more than 1,000 businesses in our town and is helping to protect businesses and people’s livelihoods.
“I’m aware the schemes close on August 10th. I know the vast majority of businesses who are eligible have claimed, but if any business hasn’t then they should contact Redditch Borough Council immediately.”