York businesses encouraged to apply for upgraded grant scheme

York businesses are being encouraged to apply for the upgraded small and micro grant scheme

Grants payments between £1000 and £10,000 will support small businesses, including those in shared offices and flexible work spaces, science parks and incubators, regular market traders without a business rates assessment, nurseries, B&Bs paying council tax instead of business rates, and charity properties which all missed out under previous schemes are also eligible.

To apply, businesses must have been trading before 11 March 2020, have a rateable value or annual mortgage of below £51,000, and demonstrate both an ongoing fixed property cost and significant financial impact of the coronavirus. It is not available to any business eligible for any other government COVID grant.

Councillor Keith Aspden, Leader of City of York Council, said:

“I’m pleased to see that our local grants payments are already being paid to small and micro businesses across the city, in order to help them through this incredibly tough time.”

“York’s small and micro businesses are at the heart of our vibrant economy and I would urge businesses who are yet to apply, to get in touch and apply for the support as soon as possible.  As restrictions are eased, more small and micro businesses are reopening, so we understand how important these cash injections can be.

“From the very beginning of this crisis, we have worked to ensure our local businesses received swift support from the Council, particularly those who did not meet the criteria for government support.  I am pleased that City of York Council has been recognized as one of the fastest local authorities in the country to distribute grants and rates relief, totaling £33m so far.”

Companies that are in financial difficulties because they fall outside the Government set limits are asked to contact Make it York to discuss their options. They can email business@makeityork.com

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