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Gloucestershire Business News

Tewkesbury council hands out £883,000 funding pot

Tewkesbury Borough Council has awarded its entire pot of funding from the discretionary business grant scheme to support local businesses affected by the coronavirus pandemic.

The £883,000 allocated by the Government was shared across 89 eligible businesses throughout the borough.

The fund prioritised small businesses who were not eligible to receive previous small business support grant funding.

The council worked in partnership with Cheltenham Borough, Gloucester City and Stroud District councils to ensure effective and fair distribution of the funding across Gloucestershire.

Councillor Rob Bird, council leader and lead member for economic development, said: "The past few months have been extremely difficult for some of the borough's businesses, so I'm pleased that the entire fund has been distributed to the businesses it was intended for.

"Officers have worked extremely hard to get so many of these grants paid out quickly and we hope the funding will help to stabilise businesses' income while we enter the next phase of recovery."

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