More than £3m in Covid grants to be handed to hundreds of Bolton businesses despite them not applying for funding
18.08.2022 - 09:09
/ manchestereveningnews.co.uk
Covid relief funds of around £3m are to be handed to hundreds of firms with high levels of unpaid business rates and to 38 other companies who failed to apply to the scheme. Bolton Council said 'take up has been low' for the Covid-19 Additional Relief Fund (CARF), a business rates relief fund of £5,697,827 which the authority received from central government earlier this year.
The scheme is currently application based but presently awards totalling just £2,620,263 have been made (46 per cent of the funding) to eligible firms. The remaining £3,077,564 will need to be returned to the Treasury if it is not distributed to Bolton businesses by the September 30 this year.
A meeting a Bolton Council's cabinet agreed to proposals to ditch the application aspect of the scheme distribute the remaining cash to firms who have not applied for relief but who they believe are eligible for financial support under the scheme criteria.
Councillors were told by a member of the finance department at the authority that 'one of the big challenges on this has been trying to spend the money we've been allocated'.
A report to councillors outlined how the remaining balance will be distributed in the next six weeks.
It said: "Despite information being included with the 2022/23 annual bills, targeted mail shots and direct contact with some businesses take up has been low, in common with other Greater Manchester council areas.
"38 business have been identified that were awarded previous additional restriction grant but have not applied for CARF even though they are eligible for it.
"As these businesses have already demonstrated they were impacted as part of the previous assessment it is proposed not to require a formal application or further
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