Small businesses in Stevenage can apply for new coronavirus grant scheme
- Credit: Archant
Small businesses in Stevenage have been boosted by the launch of a new grant scheme.
The Discretionary Grant Scheme 2020 is a government subsidy aimed at small struggling businesses, which currently do not qualify for existing support during the COVID-19 pandemic.
Stevenage Borough Council has been allocated £1.5 million from the government to provide grants of up to £10,000 to small businesses – though SBC anticipates the majority of grants will be less than £10,000.
The government has asked councils to prioritise the following types of businesses:
• Small businesses in shared offices or other flexible workspaces
• Regular market traders who do not have their own business rate assessment
• Bed and breakfasts (excluding Airbnb) which pay council tax instead of business rates
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• Charity properties that receive charitable business rates relief, which would otherwise have been eligible for small business rates relief or rural rate relief.
To apply, visit www.stevenage.gov.uk/business-advice/228742/231119/