Almost £40m in vital grants paid to city businesses
The total amount of vital coronavirus business grants so far paid to City of Wolverhampton businesses is closing in on £40million.
Eligible city businesses who have yet to claim their coronavirus business support grants are also being urged to submit their online form.
More than 3,400 businesses have now received a share of £38.8million distributed by City of Wolverhampton Council from the Government’s Small Business Grant Fund and Retail Hospitality and Leisure Grant Fund, since April 6.
Over 94% of requests for funding have been paid and there are currently a further 162 city businesses at various stages in the process, working with the Council.
Eligible businesses have been contacted by letter and/or email and allocated a code, a Business Account reference number, and a link to a web form to capture the relevant business information. Businesses are encouraged to check their post and emails for correspondence from the Council.
Anyone with any business support queries should call 01902 290242 between 9am and 5pm from Monday to Thursday or from 9am to 4.30pm on Fridays.
All forms submitted by businesses are subject to thorough eligibility checks, and to ensure that they meet the criteria of:
- Being the ratepayer
- In occupation of the business on 11 March 2020
The council is dealing with a high volume of calls to update records and is working as quickly as possible. Following this, businesses are contacted and invited to confirm their eligibility for a grant.
Further communication with businesses may be necessary if any of the required information is missing.
City of Wolverhampton Council Cabinet Member for City Economy, Councillor Harman Banger, said: “We are doing everything we can to support our small businesses to access this money including proactively contacting businesses who are eligible.
"We have staff on hand to support businesses who require help and advice with the online process, and I would urge eligible businesses to get in touch.
“If you’ve already filled in an online form but haven’t received your grant payment yet, please bear with us.
“We yesterday (Monday) also launched the Discretionary Grant Fund for small and micro-businesses who have been ineligible for other schemes.
“But I would urge businesses to first ensure they are not eligible for a grant from the Small Business Grant Fund or Retail Hospitality and Leisure Grant Fund.
“Rest assured, we will make sure every business is supported in whichever way possible.”
The Government guidance on the size of the grants is as follows:
- small business grant funding of £10,000 for all business in receipt of small business rate relief or rural rate relief, and have a rateable value of £15,000 or less; or
- grant funding of £10,000 for retail, hospitality and leisure businesses with property with a rateable value of £15,000 or below; or
- grant funding of £25,000 for retail, hospitality and leisure businesses with property with a rateable value between £15,001 and £50,999
Full details of the latest government business support measures can be found at www.gov.uk/coronavirus/business-support.
More information on business rates, business grants, labour costs and welfare, business loans and deferring tax liabilities can be found in the employers and businesses section at www.wolverhampton.gov.uk/coronavirus.