Coronavirus (COVID-19)

For the latest information please visit our coronavirus pages

Supporting our local businesses

Pages in Supporting our local businesses

  1. 1. Supporting our local businesses
  2. 2. Business rates
  3. 3. You are here: Grants and loans for businesses
  1. 4. Support for the self-employed
  2. 5. Guidance for food businesses
  3. 6. Operating safely during Covid-19

3. Grants and loans for businesses

Business grants

The Government grants schemes are now closed.

As of 18 August, the Council paid out over £22 million in business grants to just under 1,700 eligible businesses in the borough.

Business loans

The Coronavirus Bounce Back Loan was set up to help small and medium-sized businesses affected by coronavirus.

  • The scheme is now live for applications and cash will be released within days for eligible businesses. 
  • Businesses can borrow between £2,000 and £50,000.
  • The government will guarantee 100% of the loan and there won’t be any fees or interest to pay for the first 12 months.
  • Loan terms will be up to 6 years
  • The government will work with lenders to agree a low rate of interest for the remaining period of the loan.
  • The scheme will be delivered through a network of accredited lenders.

Find further guidance and application details on the Coronavirus Bounce Back Loan website.

Other grants