Decision details

New Covid-19 Grant Funding For Small Businesses

Decision Maker: Coronavirus (COVID-19) Decisions

Decision status: Recommendations Approved

Decision:

To approve:-

(a) the proposed local eligibility criteria and application process for administering the Covid-19 grant for small businesses;

(b) local funding approval in line with government guidance;

(c) delegated decision making for amendments to grant criteria, if required; and

(d) a request to lobby the Government to increase the funding available to reflect local need.

 

Reasons for the decision:

The Council has been asked to administer a new government funded Covid-19 grant for small businesses that were not eligible under the last two grant schemes.  A paper has been drawn up that identifies the funding available and outlines the proposed eligibility criteria and application/payment process.

This is funding made available to support local small businesses not eligible under previous schemes.  The eligibility criteria and application process has been drawn up in line with the priorities suggested by Government and with information obtained by Business Sheffield from their engagement with businesses in respect to the Covid-19 outbreak and support to access the two existing Business Rate grant schemes.

The Cabinet Member for Finance, Resources and Governance and the Cabinet Member for Business and Investment have been fully involved in the development of the criteria.

 

Urgent item?: Yes

Publication date: 28/05/2020

Date of decision: 21/05/2020