From 7th July 2020, Hyndburn Borough Council will make payments of up to £10,000 under The Local Business Discretionary Grants Fund.
160 applications were made by the deadline of 18th June 2020, and successful applicants will begin to receive their grants from 7th July 2020.
The Local Business Discretionary Grant Fund is administered by Hyndburn Borough Council, and 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 were open to all businesses, but as the funding is limited, priority has been given to those in shared office space, market traders, bed and breakfasts and other businesses suffering from a significant drop in income while still facing continuing high fixed property costs.
Councillor Miles Parkinson OBE, Leader of the Council said, “I am once again proud that we are able to support small businesses vital to the local economy. Building on the success of our nationally recognised efficiency in delivering Government grants to local businesses, now even more grant funding is in the local economy, shoring up employment and helping Hyndburn where it needs it most.
Within a matter of weeks, our teams had a new fund and application system up and running and have assessed and allocated grants seamlessly.
We are committed to thinking big and shopping local and we have once again been able to provide support to local businesses. Join us in our support for our local employers, independent traders and our award winning market and Think Big – Shop Local.
If your application has been successful, you will shortly be receiving notification letters and payments. Unsuccessful applicants will also be contacted with details of any further options they may have.”