Grant funding for local businesses in Cambridgeshirepublished at 15:18 British Summer Time 7 April 2020
Businesses in South Cambridgeshire, external that need financial support in the current climate will be sent letters by the district council inviting them to apply for grants.
The government has two schemes to help small firms ride the storm during the coronavirus restrictions:
- The Small Business Grant Fund: A one-off grant of £10,000 for those who pay little or no business rates
- The Retail, Hospitality and Leisure Grant Fund: Grants of either £10,000 or £25,000 depending on businesses' rateable value
The council estimates that about 1,700 businesses in its district are eligible for one of the grants.
Firms are advised to check the council website.
Cllr Peter McDonald, who is leading council efforts to support small business, said: "Every day I am hearing stories of local companies doing all they can to stay in business and we will support them."