Media release - issued 04 Aug 2020

Extra cash help for small businesses in second round of grant scheme

Small and micro business in Aldershot and Farnborough that have suffered as a result of the coronavirus crisis can now get extra help from Rushmoor Borough Council.

The council has launched a second round of grant funding of up to £10,000 to support small businesses that have seen a significant drop in income during the pandemic, but which still have relatively high on-going fixed property-related costs.

Its revised COVID-19 Discretionary Grant Fund scheme is open to small businesses that missed out on the last round of grant funding in June.

In addition, the council also has extended the scheme to cover people, who run businesses from home and who can show they have significant operational costs that are separate from the costs of running a home or personal vehicle.

Companies with business premises, which have an annual rent or mortgage of up to £75,000 or a rateable value of up to £75,000 can also now apply. This was previously capped at £51,000.

Councillor Paul Taylor, Rushmoor Borough Council's Cabinet member for Corporate Services, said: "We know this is an extremely challenging time for businesses and we are keen to support our local companies affected by the coronavirus pandemic.

"Through the government grant schemes, we have already been able to support more than 1,090 businesses and have paid out more than £14.3 million in grants. This new scheme will allow us to help those businesses that were not eligible for the Small Business Grant Fund, the Retail, Leisure and Hospitality Fund or the original Discretionary Grant Scheme, but which have significant property costs or operational costs if running their business from home, enabling us to support our local economy and protect jobs and businesses for the future."

The scheme was launched on Tuesday 4 August and will run until 5pm on Monday 17 August.

Businesses can find out more and apply on the Business grants available during coronavirus page on the council's website.

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