Wednesday, September 23, 2020

Sheffield allocates funding for city’s night-time economy

Sheffield City Council has opened applications for larger independent business who operate in the City’s night-time economy as part of the second round of the Coronavirus Business Grants Scheme.

Recognising how severely this sector has been hit by lock down and social distancing over the past four months the Council has listened to the representatives of the sector and broadened the eligibility criteria to help support these businesses that have missed out so far.

The expanded scheme now includes provision of grants of £10,000 for those independent businesses such as restaurants, music venues, pubs and late opening cafes.

Applications for the Night Time Economy grants should be submitted no later than 10th August.

In addition to this expansion, the criteria of the second round of the Business Grant Scheme has been updated to allow applications from businesses whose Rateable Value is between £15,000 and £25,000, irrespective the actual rental cost.

Councillor Mazher Iqbal, Cabinet Member for Business and Investment at Sheffield City Council, said:“In meeting with representatives of our city’s night-time economy in recent weeks and months the scale of the challenge they face has really come in to focus.

“Those that can now open have faced significant costs in introducing social distancing measures and ways of working which have had real impact on their capacity to accommodate customers.

“We have appreciated the specific concerns they have raised and have therefore decided to ensure that part of the discretionary grant funding we have access to is made available to those businesses that bring our city centre and districts to life in the evenings.

“Of course, we would like to do more for these businesses and others across the city but we are unfortunately constrained by the limited funding from Government. I hope that this will go some way to help ensure our vibrant night-time economy remains available for all to enjoy.

“Applications for this scheme are only open for two weeks, so I’m encouraging all businesses eligible for the grant to apply as soon as possible via the Sheffield City Council website.

“I would also want to remind all other businesses in the city to check the eligibility criteria for the Coronavirus Business Grants Scheme.

“Funding is still available to support eligible businesses but we are aware that Government will soon be expecting all schemes to be closed and we would not want any businesses to miss out just because of a late application.”

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