Towcester Town Council

Serving the people of Towcester

Towcester Town Hall

Town Clerk: Miss Elizabeth Cox
The Town Hall, 86 Watling
Street, Towcester
Northamptonshire NN12 6BS

Tel: 01327 350995

NEW FUNDING LAUNCHED FOR WEST NORTHAMPTONSHIRE BUSINESSES

NEW FUNDING LAUNCHED FOR WEST NORTHAMPTONSHIRE BUSINESSES

NEW FUNDING LAUNCHED FOR WEST NORTHAMPTONSHIRE BUSINESSES

WNC is pleased to launch the Additional Restrictions Grant (ARG) Business Continuity Scheme.

On 3 March 2021, the Government announced that a further £425m would be made available for Local Authorities, through a conditional top-up to the Additional Restrictions Grant (ARG) from 1 April 2021. WNC currently hold an Additional Restrictions Grant fund of £2,782,193.

The goal is to try and support as many businesses as possible that have been affected by the restrictions with the money received from government, whilst keeping the individual grant amounts high enough that they will provide meaningful support to those businesses in most need.

The scheme will require applicants to demonstrate that they continue to suffer a 30 per cent loss in revenue (or greater) compared with pre-pandemic revenue levels.

Local businesses will benefit from this funding in addition to the robust free support service already delivered through our Economy Team.

Councillor Malcolm Longley, Cabinet Member for Finance, said: "This funding has been customised to align with Government guidelines and have the greatest level of impact to those employers who have faced the greatest level of financial hardship."

Councillor Lizzy Bowen, Cabinet Member for Economic Development, Town Centre Regeneration and growth, said "We at WNC are dedicated to supporting and growing the local economy, and helping our businesses is a top priority.

"Our dedicated Economy Team are always available for every business to engage with for business and employment support.

"This funding is an essential lifeline to help our business community, and we are doing all that we can to secure economic prosperity within West Northamptonshire and rapidly recover from the impact of the COVID-19 pandemic."

Information on the funding including eligibility and how to apply can be found on the WNC website.

Posted: Mon, 20 Dec 2021 13:05 by Lizzi Bucklow-Holt

Tags: News