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Business leaders call on the government to release discretionary grant funds

Fri 10 / 07 / 20

Business leaders call on the government to release discretionary grant funds

By Brighton Chamber

Brighton Chamber has joined with other business leaders and Brighton & Hove City Council to call on the government to allow local businesses to benefit from around £11m of desperately needed financial support.

The £11m is money the council has already been given by the government to allocate to local businesses.

The council has already given out around £3.7m in discretionary grants to more than 300 local small businesses.

But demand for these vastly outstripped the money available. Over 900 small businesses applied, leaving more than 600 seeking grants amounting to £7m.

Back in April the government gave the council £83m to distribute to local businesses. They then asked the council to distribute £73m of it in small business grants based on a strict funding formula.

Due to business closures and other factors around eligibility the council was only able to allocate around £68m.

Here are the two letters signed by local business leaders:




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