Local businesses within the night time economy, and events, aerospace, travel and cultural industries will be offered additional financial support from BCP Council through a new funding scheme launching this Friday (18 December).
As part of Stream 2 of the Additional Restrictions Support Grant scheme, the Council has dedicated close to £2 million in discretionary grant funding to specifically support sectors and industries that are most in need.
Grants will be available to businesses which have been mandated to close and businesses which have remained open but have been severely financially impacted by national restrictions. Grants value will either £2,500, £5,000, £10,000 or £25,000. Businesses will also need to demonstrate that they:
- Fall within the key industries identified by the council
- Have income reduction of at least 50% compared with similar comparable periods of trade
- Have unavoidable fixed ongoing costs
The application process will run from the 18 December 2020 to 15 January 2021. All applications will be reviewed and payments made after the closing date.
Councillor Philip Broadhead, Deputy Leader and Portfolio Holder for Economy at BCP Council, said:
“At the start of the latest lockdown we promised to engage with our business community and identify those areas which most needed our help and support. We’ve listened and now I’m really pleased to be able to launch this scheme of targeted, meaningful help to some of our key businesses. I’m also especially delighted that we are one of the first councils in the country to be launching such a scheme and get money out the door to those hardest hit.
More information and details on how to apply will be made available here: bcpcouncil.gov.uk/ARGbusiness