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New grants available for small and micro business

Hundreds of businesses across Herefordshire that did not meet the criteria for previous government Covid-19 grants could now benefit from a discretionary grant fund.

To date, around £55.2m has been paid out to more than 4,700 businesses in the county in government grant funding support in response to the impact of Covid-19, however not all businesses have been eligible for these grants.

The government has now introduced an additional discretionary grants fund which will help provide assistance to some of the businesses that have not had access to other support schemes. The discretionary grants fund managed by Herefordshire Council will award grants reflecting the size of business, level of fixed property costs and scale of impact experienced.

The amount of funding the council has received is limited at £3.2m, so there is a set of eligibility criteria which each applicant will need to meet.

Businesses eligible to receive this new funding must be a small or micro business, charity, or social enterprises with a turnover of not more than £10.2m and fewer than 50 staff.

Applicants must be either a small businesses in shared offices or other flexible workspaces; market traders with fixed building costs who do not have their own business rates assessment; bed & breakfasts which pay council tax instead of business rates or charity properties in receipt of charitable business rates relief. 

Further details, the full eligibility criteria for businesses and how to apply can be found on the Herefordshire Council website at www.herefordshire.gov.uk/discretionarygrant

Applications must be received by 28th June

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