Grant information sent to Wolverhampton businesses
Businesses across Wolverhampton are set to receive letters and emails informing them of how to apply for grants.
Wolverhampton Council is expected to be handed Government cash next Tuesday – at which point it will be given out.
Councillor Harman Banger, city economy chief, said the authority was doing "everything" in its power to help businesses amid coronavirus – with guidance offered in the letter they are sending out.
The funds are available through the Government's Small Business Grant Fund and the Retail, Hospitality and Leisure Grant fund.
Small business grant funding of £10,000 is available for all business in receipt of small business rate relief or rural rate relief, and have a rateable value of £15,000 or less.
Grant funding of £10,000 is available for retail, hospitality and leisure businesses with property with a rateable value of £15,000 or below.
And other funding of £25,000 is available for retail, hospitality and leisure businesses with property with a rateable value between £15,001 and £51,999.
Councillor Banger said: "Our small and medium businesses are critical to our local economy and we appreciate what a hugely challenging time this is for them.
“We are doing everything in our power to make the process of accessing these vital grants as smooth as possible and I would urge businesses to pay close to attention to the detail in the letter/email.
“We have staff on hand to support with any help and advice businesses may need in completing their online applications.”
A 12-month business rates holiday for all retail, hospitality, leisure and nursery businesses in England has also been announced by the Government.
Businesses who have been identified as potential recipients of the additional business rate relief measures will be excluded from the direct debit payment on April 1.
Sorry, we are not accepting comments on this article.