Unclaimed grants worth £1.5bn are still available for small businesses to claim – but only until the end of August…

According to officials, over £1.5bn worth of emergency grants for small businesses remains unclaimed – meaning that thousands of businesses could be missing out on vital financial support.

Earlier this year, it was announced that £12bn worth of funding would be provided by the Government to local authorities to distribute and allocate to eligible businesses. The move was designed to issue urgent support to small firms who may not have survived the pandemic and the subsequent lockdown otherwise.

It has now been confirmed that if the funding has not been claimed by the end of August, it will be returned to The Treasury.

Therefore, if you are a small business eligible for a grant who has not yet received any financial support, we urge you to get in touch with your local council as soon as possible to discuss your options.

The support packages that fall within this bracket, and are still available to claim until the end of August include:

– Small Business Grant Fund (eligibility criteria found here)

– Retail, Hospitality and Leisure Grant Fund (eligibility criteria found here)

– Local Authority Discretionary Grants Fund (eligibility criteria found here)

If you need advice or support, please get in touch with your usual PM+M representative or call our reception team on 01254 679131.

 

 

This information is correct as of 24 August 2020. This blog is for general guidance only. Recipients should not act upon any of the information provided without seeking specific professional advice tailored to your circumstances, requirements or needs. Please contact PM+M before making any decisions based on any matters relating to this blog.

Stay Connected