Over £100m paid out to businesses in response to Coronavirus

5,500 York businesses have now benefitted from over £100m of grants and relief as part of City of York Council’s efforts to support businesses and protect jobs during the Coronavirus outbreak.

A specialist team have worked round the clock to ensure businesses get the government grants and business rates relief as quickly as possible, whilst carrying out rigorous checks to make sure that fraudsters cannot take advantage of the situation.

The £100m is made up of two main funding sources, business rates relief which accounts for £66m and a further £34m in business grants, paid out to over 2500 accounts.

Leader of City of York Council, Cllr Keith Aspden, said:

“We have listened to businesses and recognised that processing these payments as quickly as possible was vital to ensuring the long-term resilience of businesses and York’s economy. That is why council officers have been working round the clock to progress these payments, whilst ensuring all the required checks are met.”

“I hope that the support provided by the Council will help local businesses during this difficult period and continue to support York’s vibrant local economy. I would also like to thank officers for their hard work and dedication to get these payments to businesses as quick as they have.”

“For businesses who do not meet the requirements for the Government’s businesses grants, we have created a local emergency fund totaling £1 million to support the city’s small and micro businesses, and I would urge any businesses who hasn’t already done so, to get in touch with the Council and see what support is on offer to them.”

Councillor Andrew Waller, executive member for the Economy and Strategic Planning, said:

“It was clear to us just how important it was to get the grant payments to all these businesses as quick as possible. They form an integral part of York’s economy, bringing in £2bn annually and supporting thousands of jobs.

We’re also providing a range of support, advice and guidance for businesses, including free advertising across our local media for any businesses still operating."

Any business which believes it is eligible for the government grants but is yet to apply should do so immediately at www.york.gov.uk/COVIDBusinessGrant

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