Over £17 million grants awarded to support Broxtowe businesses

Over £17 million grants awarded to support Broxtowe businesses

28/07/20 - £34m grants and discounts have been awarded to over 1,500 Broxtowe businesses to provide financial support during the pandemic.

Broxtowe Borough Council administered several schemes to ensure that businesses were able to access vital funding to help them manage the impacts of COVID-19. These included:

Table of grants and discounts awarded
Scheme Details Number of businesses awarded Total awarded

Small business grants

 

Awarded £10k to those receiving Small Business Rates Relief

 

1,109

£10.4m

Retail discount and expanded retail discount

Discounts for all retail, hospitality and leisure businesses with a rateable value under £51k. The expanded scheme included nurseries.

538

£17.3m

Retail grant

Grants of either £10k or £25k to those in retail, leisure and hospitality where their rateable value is between £15 to £51k.

390

£6.5m

Discretionary business grants

Developed to support those who have not had support through any other scheme

87

£850k

 

Councillor Greg Marshall, Chair of the Finance and Resources Committee said: “Businesses have found themselves in a really difficult situation as a result of the pandemic. Swift action was needed and I’m really proud of how our Officers have worked to develop and administer these schemes so quickly – 97% of those eligible have now received funding.”

Councillor Steve Carr, Vice Chair of the Finance and Resources Committee and Deputy Leader of the Council said: “As well as this financial support, we have employed two Information Officers, Janice and Zahid, who are out and about in our town centres to speak to businesses and see what support they need to ensure they are COVID-secure and help shoppers feel safe. We are currently asking businesses to tell us what their future needs will be as we draw up plans for the Borough’s recovery from the pandemic. We really want to hear from every business in the Borough so if you are a business owner and haven’t already, please complete the survey at www.broxtowe.gov.uk/businessrecovery by 31st July.”

If you think that you are eligible, but have not yet been in touch with us about this, please do so as soon as possible.

For more information contact Broxtowe Borough Council on 0115 917 7777 or email billing@broxtowe.gov.uk


Contact
Corporate Communications
tel: 0115 917 3825