13 Nov 2020 Last updated at 12:00

Business support grant payments underway

Government business support grants will soon be distributed to Island businesses.

The Isle of Wight Council has confirmed that the money for the Local Restrictions Support Grant and Additional Restrictions Grant from the government arrived today (Friday) and distribution will begin from next Monday (16 November).

The two funds are intended to help Island businesses that have had to close, or that can remain open but are severely impacted by the lockdown.

Apply through the online form

Businesses which are eligible should submit their details via the Isle of Wight Council's website to ensure they get the money they are entitled to.

Councillor Wayne Whittle, Cabinet member for regeneration and business development, said: "The government funding has arrived as anticipated, which means we will now be able to start the process of distributing the grants which are essential to support our businesses.

"The council is committed to distributing the additional funding to support businesses as quickly as possible, so the damage to our economy is kept to a minimum.

"Please follow the link and fill out the form that applies to you as soon as possible."

Applications for both grants should be made through the Isle of Wight Council's website

Businesses can receive up to £3,000 for the four week lockdown under the LRSG. LRSG payments will start to be processed from 16 November 2020.

Businesses can be awarded up to £5,000 as part of the ARG grant scheme and where significant impact above £5,000 can be evidenced, support of up to a maximum of £25,000. ARG grants will be awarded from 16 November 2020.

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  • Applications for both grants should be made through the Isle of Wight Council's website
 
Isle of Wight, UK