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Extra £20 Million For Scarborough Borough Businesses

Extra £20 Million For Scarborough Borough Businesses

Published by Local Democracy Reporter Carl Gavaghan at 9:01am 3rd April 2020.

Scarborough Council has been given an extra £20 million to pass on to businesses in the borough hit hardest by the Covid-19 crisis.

Earlier this week, the authority revealed it was anticipating getting up to £46 million in emergency funding as part of the government’s Small Business Grant Fund (SBGF) and the Retail, Hospitality and Leisure Grant (RHLG) measures.

Yesterday, the government confirmed the grant funding allocations for each local authority and Scarborough has been given £68,310,000.

Shops, cafes, restaurants, and other hospitality and leisure businesses are among those eligible for relief from the fund.

Businesses with a rateable value of up to £15,000 will get a grant of £10,000. Businesses with a rateable value of between £15,000 and £51,000 will get a £25,000 grant.

Scarborough Council also confirmed this week that its officers will work seven days a week to get the grants processed and the payment of grants will be a “key priority for the council”.

The grants will only be payable to businesses that are ratepayers within the business rates system with applications processed by Scarborough Council.

For more information or to apply to the council for a grant visit https://www.scarborough.gov.uk/node/7948

 

 

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