Launch of grant scheme for businesses affected by the floods
Funding is now available to support businesses severely affected by the recent flooding - whether flooded directly or affected less directly through, for example, extended road closures.
Grants are available to non-farming small and medium sized businesses (up to 250 full time equivalent employees). Support for farming businesses is being arranged separately through Defra.
Grants can be used for a wide range of activities to support survival and recovery such as marketing, interest payments on new and existing loans, specialist advice, training, equipment and other activities supporting implementation of a recovery action plan.
Growth Hub advisers are available free of charge to assist with development of action plans and help put together the application. All applications must be reviewed and signed off by a Growth Hub adviser.
They can also provide other practical advice and support and link businesses into other advice, support and funding available to them.
Commenting on the scheme, Suzanne Caldwell, Cumbria Business Growth Hub says, "Similar schemes have proved invaluable in supporting small and medium sized businesses in the county to recover successfully in previous crises - from earlier flooding to Foot & Mouth - not only helping businesses survive but also encouraging and supporting proactive improvements. Many businesses in the past have, for example, enhanced their marketing and tried new methods of promoting themselves. Alongside this practical advice from our experienced team can really help businesses to make the most of the funding on offer and support business recovery and competitiveness."
Cllr David Southward, County Council Cabinet member with responsibility for businesses, added, "This money will be essential to getting our businesses back up and running. It was a lesson learnt from our earlier floods that the sooner we can get financial help out there to businesses the better. We are committed to getting any Cumbrian business affected back on their feet as soon as possible and this money is essential to help us do that. It is essential that we get the message out that despite this extreme flooding Cumbria is still 'open for business'."
Application packs, including guidance notes on the scheme, are available to download at www.cumbriagrowthhub.co.uk The application process is simple and 75% of the grant will be paid up front within days of approval. To apply contact Cumbria Business Growth Hub, 0844 257 8450 or firstname.lastname@example.org
As ever, if you have any questions regarding this scheme or any other issues you would like to discuss following the recent flooding, please call your usual robinson+co contact.
This funding is made available through the Department for Business Innovation and Skills and is delivered by Cumbria Business Growth Hub, Cumbria County Council and Cumbria Chamber of Commerce working together.