Over 3,000 businesses on the Isle of Wight have now received their coronavirus grant payment from the Council, according to the latest Government statistics.
Business Secretary Alok Sharma confirmed on 1st April that local authorities up and down the country had received millions of pounds to pass onto local businesses to support them during this time of crisis.
The Isle of Wight Council has been given £62,688,000 to distribute to an estimated 5,164 businesses on the Island. As of 4th May, a total of £35,655,000 had been paid to 3,090 businesses.
Council officers have written to the 2,074 other business ratepayers it believes may be eligible for either a £10,000 or £25,000 grant. Contact is also being made by telephone and email, where possible.
Any eligible businesses that haven’t yet provided their up to details for payment can do so via a special online form at www.iow.gov.uk/covid19_businessadvice.
Council leader, Councillor Dave Stewart, said:
“We are very aware there are some Island businesses which have fallen just outside the eligibility criteria for grants and in some cases where they don’t quite qualify for any of the main areas of government support.
“We would very much like to utilise any surplus, if there is any, to consider discretionary payments to those businesses which may have just narrowly missed out, but we are entirely in the hands of what the government chooses to direct at this stage”.
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