Coronavirus: East Herts planning and growth chief says 'we are under no illusion about the difficulties businesses face'
East Herts Council is highlighting the financial help available to businesses and the heritage, arts and sports sectors during the coronavirus crisis.
Firms can apply through the authority for a share of the Government's £20 billion package of business rates support and grant funding to help those worst affected to manage their cash flow.
The measures include:
* 100% business rates holiday for 12 months for all retail, hospitality and leisure businesses;
* £25,000 grants to retail, hospitality and leisure businesses with a rateable value from £15,001 to £50,999;
* £10,000 grants to retail, hospitality and leisure businesses with a rateable value up to £15,000;
* Businesses eligible for Small Business Rate Relief (SBRR) will receive a one-off £10,000 grant payment;
* £5,000 business rates discount for pubs (increased from £1,000).
Cllr Jan Goodeve, EHC’s executive member for planning and growth, said that the council was in the process of awarding the first tranche of grants.
“We are under no illusion about the difficulties that all types of businesses face, both now and in the longer term," she said. “We will do everything we can to support the businesses that are the lifeblood of the economy of East Herts throughout this crisis.”
The National Lottery Heritage Fund has put together a £50m fund to offer grants of between £3,000 and £50,000. The money is available to organisations including historic sites, industrial and maritime heritage, museums, libraries and archives, parks and gardens, landscapes and nature. Find out more at www.heritagefund.org.uk/news/heritage-emergency-fund-launches-help-sector.
Arts Council England is offering individuals and organisations working in the cultural sector new financial support during the crisis, totalling £160m. Find out more at www.artscouncil.org.uk/covid19.
Sport England has £195m of funding to help the sport and physical activity sector. Find out more at www.sportengland.org/news/coronavirus-information-sector.
More by this authorSinead Corr
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