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Council Support for Businesses Reaches £130m Posted On 26 March 2021

Through a range of grant support, Shropshire Council has now paid out £130m to local businesses who have been affected by the pandemic

 

Matt Potts, Business Growth and Inward Investment Manager for the council, spoke of his delight of the figure reached, saying, ‘We have been working extremely hard to process grants to support the county’s businesses over the past 12 months and reaching £130 million is a real milestone’.

Meanwhile, the authority is calling on eligible businesses who have not yet applied for a Local Restrictions Support Grant (LRSG), to do so before it is too late. Potts added, ‘We endeavour to ensure every eligible business has received the support they need and urge those who have not yet applied to do so before the deadlines’. Those who haven’t applied for the winter wave of LRSGs have until the end of March, with those who have not applied for the period covering February-mid March having until the end of May. The latest LRSG grant payments cover a 44-day period from 16 February 2021 to 31 March 2021.

Potts went on to say, ‘Looking forward we have the Restart grants coming up at the start of April and that will be worth between £2,667-£18,000 per eligible business alongside another round of discretionary funding and we are due to receive more guidance about the funds from Government imminently.

We will continue to do all we can to support our businesses and ensure the Shropshire economy bounces back and flourishes as we hopefully look forward to a brighter future’.

The grant means that qualifying businesses with a rateable value of exactly £15,000 or under will receive a payment of £2,096 per 44-day qualifying period. These payments rise to £3,143, and then £4,714, depending on rateable values.

To find out more about this and earlier rounds of the fund, head to https://shropshire.gov.uk/covid-19-grants

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