Tameside Council have announced the latest round of funding for business that have been forced to close due to the second lockdown.
The Local Restrictions Support Grants (Closed), Local Restrictions Support Grant (Closed) Addendum and the Local Restrictions Support Grant (Sector) schemes have all been launched and eligible businesses can submit their applications from today.
Businesses with a rateable value of under £15k will receive £1,334 per four weeks of closure, while those with a rateable value between £15k and £51k will get £2k per four weeks of closure. Those with a rateable value of exactly £51k and over will receive £3k per four weeks of closure.
Grants will be backdate pro-rata for businesses that needed to close on October 23 as part of Tier 3 regulations across Greater Manchester. This includes pubs that done serve food, bingo halls, betting shops, soft play centres, casinos and adult gaming centres.
The government has also announced extra welfare support for the self-employed will extend for an extra six months. Universal Credit will continue being calculated based on current earnings by extending the Minimum Income Floor suspension.
In a bid to further support workers, the national furlough scheme has been extended until the end of March 2021 and employees will still receive 80% of their original salary for hours worked, for up to £2,500 a month.
Cllr Oliver Ryan, Tameside Council executive member for Finance and Economic Growth, said: “I encourage eligible businesses to apply for these grants so we can get support out to those in need. This has been a challenging time for businesses across Tameside and our teams are working hard to ensure we deliver these new schemes in an efficient and robust way.
“It’s great to see the furlough scheme has returned and covers a considerable percentage of an employee’s salary. I know this has been a lifeline for residents who have been unable return to work because of the pandemic.”
For further information, check out the grant table by visiting https://www.tameside.gov.uk/businesssupport/granttable and to apply for a grant visit https://www.tameside.gov.uk/coronavirus/businessratesrecovery.
Keep up to date with all the latest local and national developments here: https://www.questmedianetwork.co.uk/news/daily-coronavirus-updates/.