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Gloucestershire Business News

Councils share £3.3m with Gloucestershire small businesses

More than 300 businesses across Gloucestershire have shared a £3.34million handout from councils.

The 304 businesses received the money from Gloucester City Council, Cheltenham Borough Council, Stroud District Council and Tewkesbury Borough Council as part of the Government's discretionary business grant scheme.

It follows the payment of £2.8million by Cotswold District Council and Forest of Dean District Council last week.

The scheme saw the four councils work together to distribute the funding, which prioritised small businesses who were not eligible for support under previous coronavirus support schemes.

A joint statement from the authorities' chief finance officers said: "We are pleased to have been able to get so many of these grants paid out so quickly and hope that it gives these businesses the boost that they need.

"We are continuing to assess applications and if they meet the eligibility within the policy then subsequent payments will be made."

"It was important to ensure a consistent approach for businesses across our region so they have clarity and certainty that this money will go to where it is needed most, in line with the guidance provided for us."

The two-week application window has closed with decisions made through each council's approval process.

"We are extremely pleased we were able to target those businesses identified by GFirst LEP and other consulates," the statement continued.

"Boutique hotels, pubs, restaurants and other businesses in the hospitality sector have all secured £25K which will give those businesses a fighting chance to recover.

"It is so rewarding to have been able to make a real difference to those in genuine need this time around."

In all the four councils have paid out £83.6million in coronavirus support grants to 7,068 businesses.

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