The government has introduced a discretionary grant fund for small businesses which are experiencing financial difficulties.
Medway Council has pledged to continue supporting its local small businesses throughout the pandemic and is encouraging eligible business owners to apply for this new funding scheme. The council will be granting funding of up to £10,000 to small businesses which meet the criteria, as part of the new government fund.
The discretionary grant fund is only for businesses with fewer than 50 employees and which have not benefited from other government COVID-19 support schemes, excluding the coronavirus job retention scheme (furlough).
Medway Council will prioritise the funding for the following businesses, in line with government guidance:
Businesses in Medway have between Tuesday, 26th May and 12noon on Friday, 5th June to submit their application for the discretionary business grant fund. Medway Council will be making payments to successful applicants from late June onwards.
Medway small businesses eligible to apply for this funding must do so by the deadline and by visiting medway.gov.uk/coronavirusbusinesses
Cllr Alan Jarrett, Leader of Medway Council, said: