Local businesses receive £15m grant funding from Trafford Council

Trafford Council has so far paid out £15m in business support grants to help local firms through the coronavirus pandemic.

More than 1,100 businesses have received grant payments worth £10,000 or £25,000 from the authority to help protect the economy during difficult trading conditions caused by Covid-19.

The council’s business support team has set up an online fast-track service to ensure that the grant funding could reach businesses quickly and effectively.

Last month, the Chancellor announced a host of measures designed to support small businesses which were facing financial hardship during lockdown period.

The government handed the task to manage and distribute the funds to local authorities and since then staff have been working tirelessly to ensure the money gets to local businesses as soon as possible.

Cllr Tom Ross, Trafford Council’s Executive member for Finance and Investment, said:

The coronavirus isn’t just a health crisis, it’s an economic crisis too.

And we know that most businesses across the borough are struggling at this difficult time.

That’s why as a council, we’ve acted really quickly to get business support grants directly into bank accounts of small firms with over £15 million paid out to over 1,100 local companies so far.

We are in unchartered waters dealing with such a huge volume of applications in such a short space of time, but we are so pleased we are getting the money out to the businesses that really need it.

And my thanks to all the council employees who have worked around the clock to help process this huge task.”

For more information visit our Business Rates Grants page.

Posted on Wednesday 15th April 2020