15 Apr 2020

£11 million distributed to businesses

Businesses on the Isle of Wight have already been given a total of more than £11 million in rates support grants, to help them through the coronavirus (Covid-19) emergency.

Around 800 businesses have so far received the payments.

The grants, made available under a national government scheme, are distributed by the Isle of Wight Council to eligible businesses ratepayers.

So far more than 2,590 business ratepayers have filled in a form to provide their details for direct payment, which can be found at www.iow.gov.uk/covid19_businessadvice.

Council leader Dave Stewart said: "With many more millions to go out in the coming days and weeks, this lifeline will help our Island businesses at this crucial time.

“We understand that cash-flow is key to the survival of a business in these unprecedented times and I would like to thank the council staff working to get this money to our Island businesses as quickly as possible.

"I would encourage any business that thinks it is eligible for these grants to contact us through our website so that we can arrange to get these funds to you." 

Share On
Share with MySpace Share with Google Plus Share with Yahoo Share with Twitter Share with Facebook
Related Services
Most Read
Most Shared
Over £11 million has been paid out to businesses so far.
Over £11 million has been paid out to businesses so far.
Factfile
  • Around 800 businesses have so far received payments.
  • So far more than 2,590 business ratepayers have filled in a form to provide their details for direct payment, which can be found at www.iow.gov.uk/covid19_businessadvice.
 
Isle of Wight, UK