Council launches second round of discretionary business support grants
The UK Government awarded Oxford City Council a total of £1.419 million to distribute to small businesses, charities and social enterprises that have been struggling due to coronavirus.
The grant information on the Council’s website states:
“We will prioritise applications from businesses in properties with annual rents or rateable values less than £51,000. Should funding remain after priority groups are funded, we will then consider applications from small and micro businesses with annual rents or rateable values of £51,000 to £75,000. Following this should any funding remain we consider values or rents of over £75,000 for eligible groups.”
With the first round of grands already completed, the Council has today announced that they still hold around £900,000 in funds for round two of the grants.
For interested businesses, the deadline to apply is almost closing, with a 16 August 2020 cutoff.
Cllr Ed Turner, Cabinet Member for Finance and Asset Management said:
“This has been, and continues to be, a difficult time for businesses and charities. The City Council wants to make sure Oxford’s businesses get all the help they are entitled to so I urge anyone who believes they may be eligible, to apply as soon as they can and make sure they don’t miss out.”
The City Council has said that they will aim assess all applications shortly after receiving them, with a view to making successful and unsuccessful applicants aware of their decision as soon as possible.
If approved, payments will be made as soon as possible after checks are completed. The government will close the fund to payments on 28 August 2020.