£4.2m new business support funding

The council’s  Lambeth Local Economy Hardship Fund has new grants from £5,000 to £25,000 for the businesses, charities & not for profits that rely on bringing groups of people together. This sector faces the biggest threat for survival with the ongoing need for social distancing.

The fund has four different categories – Independent Hospitality Fund, Arts and Culture at Risk Fund, Charitable Organisations Fund and Shared Workspaces and Market Traders Fund. To apply for funding see:

https://www.lambeth.gov.uk/coronavirus-covid-19/information-for-businesses/local-economy-hardship-fund

The council has already paid out more than £44.31m of business rates grants and support to over 3,000 businesses and waived rents for many local charities and small businesses.

Cllr Matthew Bennett (pictured) the  councillor responsible for the local economy says “Our social, creative and community sectors play a critical role in Lambeth’s thriving local economy, support thousands of jobs and are an important part in what makes our town centres, and Lambeth as a whole, so vibrant. We have quickly put together a fresh package of support using government funding topped up from our own financial resources to protect our locally owned small businesses, leisure industry, cultural sector and charities.”

For more details see:

https://love.lambeth.gov.uk/support_for_at_risk_sectors/

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Filed under Charity, Community / voluntary, Employment, Jobs, Lambeth Council, Local Business

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