Public Sector

Multi-million payments and rate exemptions for Cheltenham businesses

Written by: Bobby Wildgoose | Posted 23 April 2020 15:17

Multi-million payments and rate exemptions for Cheltenham businesses

Some £24.5 million was received from Government for Cheltenham Borough Council to give out as grants to help businesses in the town through the coronavirus pandemic. 

According to the council it is one of the first local authorities in the country to begin paying the grants paid to businesses. 

As early as April 2 it has already dished out more than £4 million to 250 businesses. 

Cllr Rowena Hay, cabinet member for finance, said: “Payments are being made via BACS and we are aiming for the money to be in business bank accounts within five working days of receiving the completed form. 

“In some cases we may need to contact businesses to clarify details but we will do this as quickly as possible.” 

In the two-weeks to April 2 280 businesses in the retail, hospitality and leisure sector received revised bills from the council giving 100 per cent retail discount. 

A further 500 wereidentifiedas potentially eligible for expanded retail discount subject to state aid limitsbeing removed. Once confirmation is receivedfrom the central government revised bills awarding the discount can be issuedimmediately. 

Kevan Blackadder director of Cheltenham Business Improvement District, said: ‘’We welcome the council’s rapid action to help the business community and we have been able to support them by contacting our businesses through the out-of-hours information they have shared with us in the past.’’ 

Businesses are urged to check if they are eligible by visiting cheltenham.gov.uk and through the coronavirus update section on the website visit the business advice and support pages.

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