Millions paid out but thousands missing out

Millions paid out but thousands missing out

By Michael Upton | 29/05/2020

Millions paid out but thousands missing out
James Muir, chair of the Sheffield City Region Local Enterprise Partnership

 

THOUSANDS of businesses could be missing out on vital support to help them through the coronavirus crisis.

The four local authorities in South Yorkshire have attempted to contact the 22,980 businesses in Barnsley, Doncaster, Rotherham and Sheffield that are eligible for the funding from the government.

However, almost 6,000 businesses have not yet taken up the offer - and are therefore missing out on thousands of pounds in funding.

Different types of grant are available, all of which are being administered through local councils.

These grants consist of £10,000 for businesses in receipt of Small Business Rates Relief (SBRR) or Rural Rates Relief, £10,000 for retail, hospitality or leisure businesses with a rateable value of £15,000 or less and £25,000 for retail, hospitality and leisure businesses with a rateable value between £15,000 and £51,000

Cllr Denise Lelliott, Rotherham Council's cabinet member for jobs and the local economy, said: “The council has prioritised the fast payment of grants to businesses because we know they are a lifeline to many firms.

“In fact, in just a few weeks we’ve processed payments worth in excess of £36 million to over 3,100 businesses.

“But we’re desperate to hear from those businesses who are yet to apply — it’s an easy and quick process, we just need a small amount of information and we will get payments for eligible businesses turned round with the cash in bank accounts within days.

“We know this support will make a huge difference in helping to keep companies afloat, local people in jobs and in helping our local economy to recover quicker as we begin the exit from coronavirus restrictions.”

James Muir, chair of the Sheffield City Region Local Enterprise Partnership, said: “We know Covid-19 is the greatest challenge most of the businesses across our region will have faced.

“That’s why Government has made this extra support available and is also why our Growth Hub is there to provide bespoke expert advice to all businesses across our region, whatever their size or sector.

“However, we also know that a large number of businesses still have not accessed the funding to which they are entitled.

“This may be for any number of reasons, but I believe many businesses aren’t aware they’re eligible.

“I would therefore strongly encourage all retail, hospitality or leisure businesses, or those eligible for Small Business Rates Relief or Rural Rates Relief, to contact the Sheffield City Region Growth Hub on 03330 00 00 39 for individual, tailored support, including help with accessing the available funding streams.”

Grants can also be directly applied for through https://www.rotherham.gov.uk/xfp/form/626




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