The latest figures published this week (19.08.2020) by the Department for Business, Energy and Industrial Strategy, show that Cheshire East Council still has over £10 million pounds of Government funding to distribute in Grants for small and medium-sized businesses across the Borough. This includes monies to be used as ‘Discretionary Grants’ by the Local Authority for small businesses that do not satisfy the criteria for the main SME Grants.
In total, Cheshire East Council received £95,514m from Government at the start of the Lock-down period for SME Grants of which up to 5% could be used for discretionary grants - £4,287,250.
The third (and it is believed final) phase of the discretionary grant applications had to be submitted by the 17th August. Cheshire East was slower than other Councils in getting the Discretionary Grant System up and running and so, many smaller businesses, often working out of home offices or workshops, have really struggled to keep their heads above water in the months they have had to wait for grant consideration. it is to be hoped that all remaining applications will be processed and monies distributed as soon as possible.
For further information regarding Government support for Business, please click on link below:
For latest details of ALL Local Authority Business Grant Allocations performance, please click on link below: