Milton Keynes businesses urged to apply for financial support before March deadline
A deadline has been set for struggling businesses to apply for financial support via this grant system.
Milton Keynes Council announced a March 31 deadline for businesses dramatically affected by Covid to apply for a support grant.
Once this support grant scheme has finished the Council are planning further support packages beginning in April.
The new funding scheme slated for April will be called ‘restart grants’.
Further information on the restart isn't available currently, a spokesperson for the Council outlined that £18,000 more funding could be available, depending on government guidance.
Currently, the Council has finalised proposals for sharing additional discretionary funding with Milton Keynes businesses.
These schemes will be considered formally on 23 March and if approved the grants will also be available from 1 April.
The proposal is focused on businesses who are not eligible for a grant under the government’s restart scheme. Also, independently run businesses such as rural shops and public houses with no more than three outlets could be in line for financial help.
The proposal would potentially offer up to £10,000 for businesses who have had to close and up to £4,000 for those who have remained open yet suffered financially. Up to £7,500 per property would be made available for independently run businesses with no more than three outlets.