How Wellingborough small businesses hit by pandemic can apply for new council grants

The money from central government is support small businesses in the Wellingborough area

By Alison Bagley
Monday, 1st June 2020, 1:15 pm

Small businesses in Wellingborough will be able to apply for a discretionary grant from Wellingborough Council from today (Monday, June 1) to provide them with support during the current pandemic.

The council has received £1m from the central government to support small businesses in the borough following the Government’s recent guidance to support those organisations which were not eligible for the Small Business Grant and Retail, Hospitality and Leisure scheme.

Businesses will be able apply online with applications being reviewed by the council and the money handed out to the successful owners later this month.

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Cllr Martin Griffiths, leader of Wellingborough Council, said: "The funding will provide more businesses with the opportunity to receive financial support during these challenging times.

"I would urge small businesses to check their eligibility on our website and or speak to our team of officers for more information.

"As a council we will do all we can to support businesses in reopening safely once it is okay to do so.”

To be a small business, under the Companies Act 2006, a business must satisfy two or more of the following requirements in a year: A turnover of no more than £10.2 million; a balance sheet total of no more than £5.1 million and fewer than 50 employees.

Market Street, Wellingborough

To be a micro business, under the Companies Act 2006, a business must satisfy two or more of the following requirements: A turnover of no more than £632,000; A balance sheet total of not more than £316,000, and A headcount of no more than 10 employees.

Applications will be reviewed by the council and the funding will be distributed accordingly from week commencing June 15.

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