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In recognition of the extraordinary pressures facing small businesses during the coronavirus outbreak, the Government has launched the Small Business Grants Scheme, backed by £12.3 billion. The funding is provided to local authorities, who are then able to offer grants of up to £10,000 to small businesses, and up to £25,000 for eligible leisure, retail and hospitality businesses. Since the scheme’s launch in March, £6.1 billion has already been paid out to 491,725 business properties across England, including 2,066 in the Swindon Borough Council area.
In total, Swindon Borough Council has been provided with £31,116,000, which could help as many as 2,738 businesses in the local area.
The Government is providing a huge and unprecedented package of support to help small businesses during the coronavirus outbreak, including:
Commenting, local Members of Parliament Robert Buckland and Justin Tomlinson said:
“This is a hugely challenging time for businesses, especially for the smaller firms which are the lifeblood of our local economy here in Swindon.
It is reassuring to know that the support announced by the Government has already reached 2,066 of our local businesses and is helping to protect people’s livelihoods.
The Government is determined to ensure that people get the support they need to do the right thing – to stay at home, protect our NHS and save lives – without having to worry about losing their jobs or not being able to pay their bills”.
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