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CORONAVIRUS UPDATE

Cash helps small businesses bounce back

logo of the Leicestershire Business Recovery Fund
Leicestershire Business Recovery Fund

Small businesses are getting a helping hand to bounce back, thanks to a new fund – with over £100,000 already awarded.

Leicestershire County Council’s launched the £750,000 pot this summer and so far has given grants of up to £10,000 to 16 companies to help them recover from the effects of the coronavirus pandemic.

Businesses from North West Leicestershire, Hinckley and Bosworth, Charnwood, Blaby, and Oadby and Wigston in sectors covering agriculture, tourism, hospitality, creative and retail have benefitted from the match funding grant, so far.

Small businesses are still being urged to apply for their share of the £750,000 Leicestershire Business Recovery Fund - to find out more and apply, visit: www.oakleaves.org.uk/leicestershire-business-recovery-fund

The initial reaction to our fund has been great. I am proud to see many small businesses in Leicestershire thinking about their future beyond the coronavirus pandemic and that their entrepreneurial spirit is still strong.

It has been a difficult few months for our businesses and we’re committed to helping them get back on their feet in any way we can, so that the economy of Leicestershire can continue to grow and prosper.

Applications can be made for grants between £2,000 and £10,000, to ensure business recovery, through projects to help the business diversify, improve skills, or new technology or equipment.

All small businesses from every sector are encouraged to apply including those from the tourism, retail, agriculture, and creative sector. Businesses who apply will initially talk through their business plans with an advisor who will be able to assist with their application.

There is currently no deadline for applications, but businesses should apply as soon as possible as funding will be allocated at a first come first served basis.

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