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£52.9m paid out to support businesses in East Suffolk

Posted by on 11 May 2020 | Comments

Almost £53 million has now been paid out to local businesses as East Suffolk Council continues its efforts to support them during the COVID-19 pandemic.

So far, East Suffolk Council has received a total of 4,638 applications from businesses eligible for the Government’s business grants scheme and paid out a total of £52,930,000 to 99.7% of them – 4,621 in total.

This has been achieved thanks to an additional push from staff around the council who have joined the effort to contact local businesses in East Suffolk. Teams have been ‘mucking in’ to help get the important message out to local businesses who may be eligible but have yet to apply and this has involved calling over 1,800 businesses directly.

Alongside this, the Council’s Finance and IT teams have worked quickly to validate, process and pay business grants in to the bank accounts of eligible businesses as soon as possible.

Danny Steel, Director of Lowestoft Vision, has said that businesses in and around Lowestoft have told him how the grants have saved them from having to close for good.

“I would like to offer my thanks to the East Suffolk team that have worked tirelessly to deliver the business support grants quickly and efficiently to the businesses in and around town,” he said. “These are difficult times for all of us, times when we all need to work together for the greater good, and the East Suffolk officers and staff are showing the way. Very well done and thank you.”

Cllr Craig Rivett, Cabinet Member for Economic Development, said: 

“We know how important these grants are to local businesses, which is why Council staff have been working very hard to make sure local businesses get the financial support they deserve and need.

“It is important to understand that these grants are not loans that will need to be paid back, and they can make the difference between a business closing or surviving. We want our businesses to come out the other end in the strongest possible position to recover.

“We would ask that those filing in the application forms to please include their bank details as this will speed up the process and mean we do not need to phone them to request details. If any businesses think they are eligible for the grants, please visit our website, www.eastsuffolk.gov.uk/covid-19-business-grant-funding/.”