Decision details
Business Support Programme
PDF 131 KBDecision Maker: Leader of the Council (Executive Councillor: Resources and Communications)
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: No
Decision:
(1) That approval be given to the use of the Support for Businesses Reserve, to provide the following support to business programme:
a) £7.000m for grants to businesses who have received no government funding during the Covid-19 pandemic;
b) £2.500m in investment grants for businesses who have the potential to grow quickly;
c) £1.000m in vouchers for businesses to use on improving their digital presence and services; and
d) £1.500m to support tourism and local economic initiatives.
(2) That the Executive Director – Place be delegated authority, in consultation with the Executive Councillor for Economy and Place, to approve the final form of the programme to include the detailed processes governing applications and payments.
Reasons for the decision:
As detailed in the report.
Alternative options considered:
As detailed in the report.
Publication date: 19/02/2021
Date of decision: 19/02/2021
Accompanying Documents:
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