1,896 small businesses in Thanet receive Government coronavirus support

1,896 business properties in Thanet have already received grants as part of the Government’s Small Business Grants Scheme. In total, almost £21m has made its way to small businesses in the area.

In recognition of the extraordinary pressures facing small businesses during the coronavirus outbreak, the Government launched the Small Business Grants Scheme, backed by £12.3 billion. The funding is provided to local authorities, who are then able to offer grants of up to £10,000 to small businesses, and up to £25,000 for eligible leisure, retail and hospitality businesses. Since the scheme’s launch in March, £6.1 billion has already been paid out to 491,725 business properties across England, including 1,896 in Thanet.

In total, Thanet District Council has been provided with over £40m, which could help as many as 3,036 businesses in the local area.

Craig Mackinlay MP, commented:

“This is a hugely challenging time for businesses, especially for the smaller firms that are at the heart of our local community in Thanet.

“It’s hugely reassuring to know that the support announced by the Government has already reached 1,896 businesses on the Isle, and is helping to protect businesses and people’s livelihoods.

“The Government is determined to ensure that people get the support they need to do the right thing – to stay at home, protect our NHS and save lives – without having to worry about losing their jobs or not being able to pay their bills.”

Business Secretary, Alok Sharma, added:

“I am very grateful to local authorities who have been working flat out to ensure these vital funds get to hard-pressed small business owners.

“Government is doing everything we can to support individual councils and help ensure that these grants reach local firms as soon as possible.

“I urge everyone to keep working at pace to get the money where it is needed quickly.”

You are able to keep up to date with our articles, news and publications by following us on our social media channels below: