Grants of up to £10,000 still available for Leicestershire businesses struggling from the impact of Covid-19

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Grants of up to £10,000 are available for businesses struggling from the impact of Covid-19.

The Leicestershire Business Recovery Fund has been set up to support rural businesses and independent shops during the ongoing crisis.

It comes after town centre shops continued to see a slump in footfall in August as people kept working from home.

The last monthly BRC ShopperTrak footfall monitor revealed that UK footfall was down a third compared to the same month last year.

That was a slight improvement on July, but showed the rate of recovery had slowed.

The Leicestershire scheme offers grants of between £2,000 and £10,000 (excluding VAT) so long as the applicant matches the same amount of investment.

It is managed by Leicestershire County Council and funded through the Leicester and Leicestershire Enterprise Partnership Business Rate Pool.

It has been set up to ensure business recovery, including supporting businesses to diversify and increase their digital skills.

Business must be located within Leicestershire but not within the Leicester City boundary and employ less than the equivalent of 50 full time staff.

There is currently no deadline for applications, but businesses should apply as soon as possible as funding will be allocated on a first come first served basis.

When the scheme was launched in the summer, Coun Nick Rushton, leader of Leicestershire County Council, said: “Leicestershire’s business owners, entrepreneurs and local high streets are having a really tough time.

“And we’re committed to helping them get back on their feet in any way we can, so that the economy of Leicestershire can continue to grow and prosper.

“I encourage all county businesses to look into whether this fund could benefit them.

“The county council is on the side of businesses and we are working hard to support them now and for their ongoing success and development.”

Neil McGhee, chairman of the county’s Business Gateway Growth Hub board, said: “It is great to see this additional support for local businesses that have struggled to access the grant support already available.

“The Business Gateway Growth Hub has taken many enquiries from businesses that are looking for government support and are seeking help to survive.

“We are pleased to add this grant funding to the other finance and business support that we list on our website and would encourage eligible businesses to apply as soon as they can.”

All small businesses are encouraged to apply including those from the tourism, retail, agriculture, and creative sectors.

Businesses that apply will initially have to talk through their business plans with an advisor who will be able to help with their application.

To apply click here.

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