Epsom & Ewell Borough Council has taken action to protect and support the local economy, releasing nearly £6 million in grant funding to local businesses in a fortnight.
In March the Chancellor announced a host of measures designed to support businesses facing financial hardship in the Coronavirus lockdown period. With very little notice the Government handed the task to manage and distribute the funds to local authorities.
The council’s Revenues Team have been working around the clock to ensure the money gets to businesses as soon as possible. Staff are working through many detailed applications a day, and the council has now released payment of grants to businesses totalling £5,935,000.
Councillor Eber Kington, chair of the Strategy & Resources Committee said “We know how important these grants are to local businesses, and that is why our teams have been working very hard to process applications.
“We are in uncharted waters dealing with a huge volume of applications in such a short space of time, but we are pleased we are getting the money out to the businesses that really need it.”
“It is important that when economic activity returns to something like normality our previously thriving and creative businesses are in a position to restart and return the borough to its status as a great place to work, to trade and to do business”.
Business Grants are available to business rate payers who have a rateable value under £51,000 and are currently in receipt of Small Business Rates Relief or Retail Discount. The criteria for receiving these grants are very specific and businesses are requested to fully read the guidance before making an application.
Full details on the grants and the application process can be found on the business grants pages on the council’s website – https://www.epsom-ewell.gov.uk/businessgrants2020-21