Around 500 Stoke-on-Trent businesses are yet to apply for their share of the £57 million small business grant.
Stoke-on-Trent City Council has already issued around £29.5 million in small business grants to boost companies across the city, and is urging those which may be eligible, but haven’t responded to come forward for funding.
The council have paid grants to 2,651 businesses but urge firm bosses to fill in forms properly to speed up processing times.
The council leader, Councillor Abi Brown said: “We received £57 million from the Government to administer to small businesses and those in the retail, leisure and hospitality sector that meet eligibility criteria.
“Our team continues to work incredibly hard in issuing these grants quickly to ensure businesses that meet the criteria receive funding to keep going through the coronavirus crisis.
“We wrote to more than 4,600 businesses to make them aware of the funding, and we believe there may be around 500 businesses that could be eligible to receive this money that haven’t come forward.
“We urge those businesses to check the criteria and complete the application process on our website. If you did not get a letter, you can still apply.”
Under the Government’s small business grant fund, all businesses in the city in receipt of small business rates relief and rural rates relief will be eligible for a payment of £10,000 in line with the eligibility criteria.
Meanwhile the introduction of the retail, hospitality and leisure grant fund will see businesses in the city in receipt of expanded retail discount, with a rateable value of up to £15,000, receive a grant of £10,000 in line with the eligibility criteria.
Eligible businesses in these sectors with a property with a rateable value of more than £15,000 and less than £51,000 will receive a grant of £25,000, subject to meeting the criteria.
Businesses with a rateable value of £51,000 or more are not eligible, and firms that are not ratepayers in the business rates system are not included in the scheme.
In addition, the Government has introduced a business rates holiday for retail, hospitality and leisure businesses in England for the 2020-21 tax year, which has also been extended to non-local authority providers of childcare.
More details on the small business grants and eligibility criteria can be found at www.stoke.gov.uk/businessratesgrants.
A dedicated team is in place to support businesses of any size with business related queries, due to Covid-19. They can support with inquiries about property related matters, details about business loans or grants as well as information for the self-employed.
The team can be contacted on 01782 236878 or by e-mail at: firstname.lastname@example.org