Further support available for small businesses
Wakefield Council is set to be able to support more small businesses across the district during the coronavirus outbreak thanks to the launch of a new Government scheme.
The original grant scheme launched for businesses meant that many small enterprises were deemed ineligible for funding but the new scheme laid out by Government will mean the Council can tailor the grants to meet local needs better.
The scheme also includes some extra funding, which is an additional five per cent uplift of the original allocation and aims to support businesses in shared spaces, regular market traders, small charity properties and bed and breakfast operators currently paying Council Tax.
Cllr Darren Byford, Wakefield Council's Cabinet Member for Economic Growth and Regeneration, said: "This additional support for small businesses has come as a welcome relief to some businesses across our district.
"Many businesses fell outside the original government criteria and had, up until now, been unable to apply for a business grant. This was an added concern for the Council, as many businesses that fall within this bracket are also within their first five years of trading and therefore more susceptible to financial difficulties.
"We hope that this change to the rules will relieve some of the pressures they are facing during this extremely difficult time.
"We, along with many others, have been lobbying Government to make these vital grants available more broadly but we know the funding is limited and more still needs to be done.
"We are extremely proud of our local economy and will do everything we can to support our businesses during and after the coronavirus outbreak."
More than 4,858 businesses and charities in Wakefield have received £56m in grant funding to help them during the coronavirus outbreak.
The Government have yet to announce guidance for local authorities. The information relating to eligibility for the grants and how to apply will be made available as soon as possible at www.wakefield.gov.uk and www.wakefieldfirst.com/
For further help and support, please visit the Council's dedicated webpage for businesses at www.wakefieldfirst.com/ which has a range of FAQs to refer to including help with cash-flow problems, tax liabilities, account managers they can talk to and advice on managing staff during these difficult times or please contact email@example.com