Tuesday, June 23, 2020

Small Business Grant Fund Scheme Phase Two

Eligible small businesses can now apply under phase 2 of the Council's Business Grant Fund Scheme.

Phase 1 of the Government-backed scheme was aimed at charity properties, regular market traders, businesses in shared offices or other flexible workspaces and bed & breakfasts which pay Council Tax instead of business rates.

Councillor Adam Yates, portfolio holder for Resources and Transformation, said: "It's been really pleasing to have supported over 100 small businesses and to have paid out over £400,000 to businesses across West Lancashire under Phase 1 of the Council's Business Grant Fund Scheme. We will be supporting even more small businesses using remaining Government funding under Phase 2. We have a lot of information on our website about the latest scheme, so please take a look and apply if you are eligible."  

One of the businesses that benefitted from Phase 1 of the scheme is the BDS Training Centre which is based in Skelmersdale and specialises in hair & beauty courses for young people.

Managing Director Toni Rowlands said: "I cannot express how truly grateful I feel for all your advice, guidance and most of all support throughout, you have truly made a difference in the future of BDS Training and I cannot thank you enough. The money has been a massive help but the most rewarding part for us has been that BDS has been recognised as a small business in Skelmersdale and for the great work that we do."

Phase 2 of the Small Business Grant Fund looks to support additional small businesses in West Lancashire that meet the following criteria and haven't received support from previous local or Government business grants schemes:

  • Have relatively high ongoing fixed land or property-related costs;
  • Have suffered a significant fall in income due to the restrictions of COVID-19;
  • Occupy land or property, or part of land or property within West Lancashire that has a rateable value or annual business rent or annual business mortgage payments below £51,000 or (with regard to businesses in the retail, hospitality or leisure sectors) a rateable value or annual business rent or annual business mortgage payments below £150,000; and
  • Able to demonstrate that their business makes an important contribution to the economic, social, health, leisure, cultural, heritage, educational or scientific life of the Borough.

The Government has provided limited funds to administer the scheme and expect most grant awards to be £10,000 or under.  You can find more details and an application form on support for businesses.

Completed application forms must reach us by Wednesday 1 July 2020.