Our revenue team is starting to pay out grants to local businesses with more than £9.4 million expected to be paid to local companies in the next 3 weeks.
The team have been pulling out all the stops to make sure businesses struggling with the coronavirus restrictions have access to the central government funded grant as quickly as possible.
The first batch of payments will be split amongst 23 businesses with others to be paid out over the coming weeks as claim forms are received and processed. Over the next 3 weeks around £9.4 million will be paid to local firms as part of the economic package available to companies.
The council has written to all businesses in the local area believed to be due a grant under the scheme. Numerous checks have been put in place to make sure the right level of funding is available and to counter any potential fraud.
Cllr Peter Heydon, Executive member for Finance and Transformation, said:
“My thanks go to the council’s hard-working revenue team, they have been meticulous in making sure that we get this necessary funding back to our local businesses as soon as possible. It hasn’t been an easy process as the team has had to make sure all claims are valid, and the correct level of funding is awarded.
“It’s extremely important we get this money out to our local businesses as soon as possible and while we have written to everyone we believe are eligible, if you think your company is entitled to funding but hasn’t received a letter, please get in contact with us by emailing email@example.com or by calling 01344 352000 so we can look in to it for you.”
The grants will be paid straight into bank accounts to reduce the need for unnecessary travel, as per the Government’s restriction rules.
General advice and guidance on business support during coronavirus for suppliers and local businesses is available on our business support pages.
Businesses can also get support and advice from the Thames Valley Berkshire Business Growth Hub.