Pictured: Conservative GLA Candidate for Merton & Wandsworth, Cllr Louise Calland.
2469 small businesses in Wandsworth have received Government Coronavirus support from Wandsworth Council.
- The Government has distributed more than £12 billion to local authorities for the Small Business Grants Scheme.
- More than £6 billion has already been paid out to half a million business properties.
- Wandsworth allocated £58,192,000 to support up to 4,200 business properties.
Commenting, Conservative GLA Candidate for Merton & Wandsworth Cllr Louise Calland said:
This is a challenging time for many businesses across Merton & Wandsworth, especially for the smaller firms that are at the heart of our local community.
It’s reassuring to hear that the Coronavirus support announced by the Government has already reached 2,469 businesses in Wandsworth and is helping to protect local businesses and people’s livelihoods.
Wandsworth Council is determined to ensure that people across the borough get the support they need to do the right thing – to stay at home, protect our NHS and save lives – without the worry of losing their jobs or not being able to pay their bills."
2,469 business properties in Wandsworth have already received grants from Wandsworth Council as part of the Government’s Small Business Grants Scheme. In total, more than £40,035,000 has made its way to small businesses in the area.
In recognition of the extraordinary pressures facing small businesses during the Coronavirus outbreak, the Government launched the Small Business Grants Scheme, backed by £12.3 billion. The funding is provided to local authorities, who are then able to offer grants of up to £10,000 to small businesses, and up to £25,000 for eligible leisure, retail and hospitality businesses. Since the scheme’s launch in March, £6.1 billion has already been paid out to 491,725 business properties across England, including 2,469 in Wandsworth.
In total, Wandsworth has been provided with £58,192,000, which could help as many as 4,200 businesses in the local area.
The Government is providing a huge and unprecedented package of support to help small businesses during the coronavirus outbreak, including:
- Helping to pay people’s wages through the Coronavirus Job Retention Scheme, including for more than a million people who are employed by the 140,000 businesses which applied for the scheme in the first day alone.
- Introducing the Coronavirus Business Interruption Loan Scheme to provide loans of up to £5 million, interest free for 12 months, to small businesses.
- Taking all retail, leisure and hospitality businesses out of business rates altogether for the next year.
- Helping small and medium-sized businesses with the cost of paying Statutory Sick Pay for employees off because of Covid-19.