Trafford Council pays out £20m in business support grants

Trafford businesses have been helped with £20m worth of grants as part of a support package during the coronavirus pandemic.

So far, more than 1,550 local firms from the retail, hospitality and leisure industries have received financial help from Trafford Council.
Last month, the Chancellor announced a host of measures designed to support small businesses facing financial hardship during the lockdown period.

Smaller businesses, with rateable values of up to £15,000, can apply for grants of £10,000 while larger firms with rateable values of less than £51,000, have access to grants of £25,000.

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

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

Right from the start there has been a rapid response from the council to support local businesses financially.

There is still a mammoth task ahead as we continue to process thousands of applications.

However, we are getting the money out to the businesses that need it with more than £20m paid out to over 1,550 firms so far. We are doing everything we can to support businesses get through these unprecedented times.

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

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Posted on Friday 17th April 2020