£1m Grant Funding available to Support Local Businesses through a Discretionary Grants Fund

From the 4th June, businesses which have been affected by the COVID-19 crisis can apply to Hyndburn Borough Council for a grant of up to £25,000 under new guidance released by the Government as part of its response to COVID-19.

The Local Business Discretionary Grants Fund, administered by Hyndburn Borough Council, is aimed at businesses not eligible for the recent Small Business Grant Fund or the Retail, Leisure and Hospitality Fund.

The discretionary grants will help support local businesses by providing much needed funding to help them meet the cost of continuing to run their business during this difficult time.

Applications are open to all businesses, but as the funding is limited to around £1m, priority will be given to those in shared office space, market traders, Bed and Breakfast businesses and charities occupying smaller premises and those businesses suffering from a significant drop in income, those facing continuing high fixed property costs and those of significance to the local economy.

Councillor Miles Parkinson OBE, Leader of the Council said, “In the last three months, we have issued more than £21m in additional funding to help local businesses and Hyndburn has been recognised nationally for leading the country in its efforts to support the local economy. The additional money from the Government in the form of the Local Business Discretionary Grants Fund will allow the Council to make a further £1m of payments to help struggling businesses.

This is a limited pot of money and in order to allocate it fairly, we are inviting applications from businesses within a two week window from Thursday 4th June to 10am on Thursday 18th June 2020.  Doing this will mean that we can allocate the funds efficiently and we can maximise the essential support this grant will give to businesses in Hyndburn.

The information needed to apply is all on our website and the online form is available 24 hours a day.  I would urge our community of small businesses to apply before 10am on the 18th June 2020 when the applications close.

APPLICATIONS ARE NOW CLOSED