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£19million paid out to help local businesses back on their feet

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Barnet Council has so far paid out more than £19million in grants to help protect local businesses during the coronavirus pandemic.

Image of a coffee shop and delivery van

Image of a coffee shop and delivery van

With the help of a government backed scheme, grants have been paid to more than 1,000 Barnet businesses, with payments ranging from £10,000 to £25,000.

Small business grants are available to businesses receiving small business rate relief giving them access to a cash grant of £10,000.

In addition, eligible businesses in the retail, hospitality and leisure sectors, with a rateable value less than £15,000, are able to benefit from a lump sum grant of £10,000, and those with a rateable value between £15,001 and £51,000 can qualify for a grant of £25,000.

Full details can be found online.

Eligible businesses will be contacted by the council. Businesses for which the council does not hold bank account details, and believe they are eligible for a grant, can visit the council’s website and submit their details.

Council Leader, Councillor Dan Thomas, said: “I am pleased to say that more than £19million of support has already gone to many of our local businesses during what is an unbelievably challenging time for them.

“Small businesses provide a livelihood to many people, are an integral part of the borough and we will do everything we can to help them through this.

“A significant amount of money has already been paid out, and a huge effort is still underway to ensure we process payments as quickly as we possibly can.

“I would encourage businesses which haven’t been contacted, but which feel they are eligible, to visit our website and submit their details.

“I would also like to caution businesses against using unscrupulous companies offering to make grant applications in return for a fee. It is unnecessary and I would strongly advise businesses to avoid using them.”

Full details on the financial support available to businesses are available on our website

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