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Gloucestershire Business News

Councils pay out more than £50m in coronavirus help

More than £50million of payments to businesses have been confirmed by Gloucestershire's six district and borough councils to help counter the impact of the coronavirus outbreak.

Councils are processing payments of between £10,000 and £25,000 under the Business Support Grant Fund and Retail Hospitality and Leisure Grants Fund announced by Chancellor Rishi Sunak.

Latest figures across the six councils reveal more than 4,400 business have received the funding.

Stroud District Council

 Around £10million had been paid by Wednesday, April 8 from a total fund received from the Government of £26million.

Councillor Doina Cornell, the council leader, said: "Clearly this is a very, very difficult time for many businesses and we are acutely aware of the need to make these payments quickly.

"Our staff are working hard to make the payments to all eligible businesses as soon as possible."

Further information on whether your company qualifies is available at www.stroud.gov.uk/business 

Cotswold District Council

 The council has identified more than 2,500 businesses who are eligible for help, paying out more than £11million in 900 payments to date.

Councillor Mike Evemy, cabinet member for finance, said: "We know how stressful a time this is for business owners whose livelihoods have been greatly affected by this pandemic and our team is working flat out to get this support to them.

"There is still plenty of work to do and there may be some minor delays in the banking system due to Easter, but we want to reassure business owner that these grants are being processed and the money will reach their bank accounts next week."

Firms can apply for the grants here   

Tewkesbury Borough Council

 By Wednesday, the council had paid £6.1million in 540 payments and was working through more applications.

Councillor Rob Bird, leader of the council, said: "We want to ensure that businesses get all the financial support they are entitled to as quickly as possible.

"The Tewkesbury Growth Hub team are providing free advice sessions on the support announced by government."

Firms can apply for funding here  

Gloucester City Council

Payments totalling £8,930,000 had been paid to 685 businesses in the latest figures released by the council.

Council leader Councillor Richard Cook said: "This is a difficult time for everyone, but it's fantastic that we've been able to get support funding out to businesses in the city so soon after receiving the money from central government.

 Read full story  

Cheltenham Borough Council

 The council, which says it was one of the first in the country to pay the grants to businesses, has received £24.5million from the government.

Latest figures show more than £4million has been paid to 250 businesses.

 Read full story  

Forest of Dean District Council

The latest figures available show the council had made payments to 1,050 businesses totalling in excess of £10million.

In all, 2,150 firms have been identified as eligible for grants.

 Read full story  

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