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Over 5000 businesses in East Suffolk has now received vital funding

Posted by on 22 May 2020 | Comments

East Suffolk Council makes its 5000th business grant payment as it continues to step up its support during the pandemic.

So far, East Suffolk Council has received a total of 5031 applications from businesses eligible for the Government’s business grants scheme and paid out a total of £57,450,000 to 99.8% of them – 5019 in total.

As part of this, the Council has contacted over 7000 businesses who they believe may be eligible for the Small Business Grant Fund of the Retail, Hospitality and Leisure Fund and anyone who thinks they may qualify under the Government’s criteria are encouraged to apply as soon as possible while there is still time.

If all information provided as part of the application is accurate and up to date, payments are processed in around five to six working days.

Cllr Craig Rivett, Cabinet Member for Economic Development, said: “We know this is a very difficult time for a lot of our businesses, and we are committed to doing all we can to support them through this.

“We have received just over 5000 applications to date, and our staff have been working extremely hard to process these and pay out the grants as fast as they can, as we know these are lifelines to so many businesses.

“However, we know that there are still eligible businesses which have not applied despite being entitled to get the financially support they deserve and need.

“I want to make it clear 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, so therefore, I urge all small and medium sized businesses who haven’t yet, to check if they are eligible for these grants. Even if you’re not sure, it is worth checking.”

The online form and more details about how to apply with full eligibility criteria can be found here.

Information about the help and advice available for businesses during the COVID-19 outbreak can also be found here.