Small and micro businesses in Stoke-on-Trent could be eligible for a further share of grants in a continued boost for the city in response for Coronavirus.
The City Council is administering the government funding to directly support businesses in the city. Under the small business grant fund, businesses in the city could be eligible for a payment of £5,000 in line with the eligibility criteria.
Those that could benefit include small and micro businesses that have high ongoing fixed property costs, can demonstrate they have suffered a significant fall in income due to the Covid-19 crisis and those businesses which occupy property, or part of a property, with a rateable value, annual rent or mortgage payments below £51,000.
Businesses with a rateable value of £51,000 or over are not excluded, and businesses that are not ratepayers in the business rates system are not included in the scheme. 238 businesses grants of £5,000 have already been issued to a total of £1.3m in the first wave. A further £1.5m is available in the second wave.
Council leader Abi Brown said: “This is a further boost for businesses across the city when they need it the most. We’re determined to do all we can to help businesses through this most testing of times. The process to apply is quick and easy and we hope to be able to start paying the grants out to eligible businesses over the next weeks.
“We want to encourage small businesses in the city that may have previously missed out on funding to check if they are eligible for this fund, and we will do all we can to ensure they receive the right support that they are entitled to.”
Businesses are encouraged to check the criteria by visiting: www.stoke.gov.uk/