Skip navigation

Gloucestershire Business News

Revealed: How Gloucestershire businesses benefited from coronavirus support

Businesses across Gloucestershire have received more than £600m in coronavirus loans and grants during the coronavirus pandemic.

Firms across the county have received £399,521,738 of loans under the Coronavirus Business Interruption Loan Scheme and Bounce Back Loans Scheme.

Business grant payments - from the Small Business Grants Fund, Retail, Hospitality and Leisure Business Grants Fund and Local Authority Discretionary Grants Fund - have totalled £146,514,991 in Gloucestershire.

And the Self-Employment Income Support Scheme has paid out £76.4million.

Official figures by constituency revealed the Cotswolds has received the most loans (£87.9million) and business grants (£43.5million), as well as £14.4million of support for the self-employed.

Stroud tops the self-employed grants with £14.7million alongside more the £65.6million of loans and £19million of business grants.

Gloucester has seen almost £61.5million of loans with £20.7million of grants and £11.7million paid out to self-employed.

In Cheltenham, the self-employed is £11.2million - the lowest in the county - with £76.3million in loans and £21.8million in business grants.

Tewkesbury has received just more than £63million in loans, almost £18.9million in business grants and £12.1million for the self-employed.

And the Forest of Dean has seen £45million in loans - the smallest in the county - with almost £22.5million in business grants and £12.3million in support for the self-employed.

Across the South West, the figures rise to £3.3billion worth of loans, £1.3billion in business grants and £706.1million in self-employed support.

Related Articles

Coronavirus LIVE Updates: The latest news from across Gloucestershire on Friday, September 25 Image

Coronavirus LIVE Updates: The latest news from across Gloucestershire on Friday, September 25

The latest important news and updates from across Gloucestershire as the coronavirus crisis continues.

Marketing Gloucester report passed on to police Image

Marketing Gloucester report passed on to police

The leader of Gloucester City Council has confirmed a report into the financial collapse of Gloucester Marketing has been referred to Gloucestershire police.

Gloucester construction company on track to deliver 258,000sq ft Silverstone Park Image

Gloucester construction company on track to deliver 258,000sq ft Silverstone Park

An enterprise zone development being built by Barnwood Construction is due to be completed by its December deadline.

Council agrees delayed plan for next four years Image

Council agrees delayed plan for next four years

Cotswold District Council has approved its key objectives over the next four years after its agreement was delayed and updated due to the onset of the coronavirus pandemic.

Copyright 2020 Moose Partnership Ltd. All rights reserved. Reproduction of any content is strictly forbidden without prior permission.