Food and drinks companies in Cheltenham ‘have been given new hope’ amid the present local weather.
Companies inside the food and drinks sector in Cheltenham could have entry to grants of as much as £25,000 after Cheltenham Borough Council was awarded £1.1 million by the UK Authorities as a part of the brand new fund the Native Authority Discretionary Grants Fund (LADGF).
After Cheltenham BID made ‘direct representations on the marketing campaign’ to Cheltenham Borough Council, the council determined that in addition to following authorities recommendation on prioritising companies in 4 new areas – shared workplaces, market merchants, mattress & breakfasts and charity properties – it would additionally make a few of the cash accessible to food and drinks companies.
Kevan Blackadder, Director of Cheltenham BID, stated: “If there had been a vast pot of cash accessible, we’d have wished all the companies lacking out throughout quite a lot of sectors – as many as 149 in Cheltenham – to profit.
“However we agreed with the council that precedence needs to be given to the impartial pubs and golf equipment who might be among the many final companies to be allowed to open by the Authorities. This cash may make the distinction to them with the ability to reopen and never.”
The funding implies that Cheltenham companies might be eligible for grants of as much as £25,000.
Funding for this grant scheme is restricted and subsequently companies must submit on-line functions throughout a brief interval between Tuesday, June 9 and Sunday, June 21.
The utmost grant that may be awarded within the native scheme is £25,000. The following degree is £10,000 after which any quantity beneath £10,000.
The identical coverage has been agreed by three different Gloucestershire councils that Cheltenham has been working with – Gloucester, Tewkesbury and Stroud and companies can apply and entry the complete standards on their very own council’s web site.
The authorities’ chief finance officers agreed: “We wish to guarantee a constant strategy for companies throughout our area in order that they’ve readability and certainty that this cash will go to the place it’s wanted most, consistent with the steering offered to us.
“We’ve restricted funds for this scheme so the applying window might be restricted to a two week interval.”
The information comes after Cheltenham BID backed the nationwide #RaiseTheBar marketing campaign asking for the federal government to develop the rateable worth threshold for all retail, hospitality and leisure companies to ensure that extra companies to have entry to a authorities grant.