Council helps SMEs during Covid-19 crisis
Tue 28 April 2020, 4:42 pm
More than £14 million has been distributed to SMEs across Hounslow to help businesses survive the coronavirus crisis.
Hounslow Council wrote to all firms eligible for the government grants, directing them to online application forms and offering guidance on seeking the vital funds.
It has been processing bids for The Small Business Grants Fund and the Retail Hospitality and Leisure Grant Fund, resulting in £14,295,000 being distributed across the borough since the crisis began.
“Our teams have been working very hard and extremely diligently once we received the necessary information from Government to ensure payments are quickly reaching businesses in the borough”, said Councillor Shantanu Rajawat, the council's cabinet member for finance and corporate services.
“Over £14 million has already reached 900 small businesses across Hounslow which is positive progress, but we know there are many more businesses out there who still need support which we want to get to them as soon as possible. However, we have a responsibility to handle public funds meticulously, and we must ensure we do proper payment checks first.
“It is estimated that a further 1,000 businesses are entitled to funding and I encourage these enterprises to submit their bank details and payment forms as quickly as possible. Please ensure that the correct bank details are submitted on the forms – it is very important we receive details for the business bank account, and not for any other account.”
Any business yet to submit an application can find the form here.