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Tower Hamlets Business Support Update

Tower Hamlets Business Support Update

The government has delivered an initial package of support for small businesses through the Small Business Grant Fund and the Retail, Leisure and Hospitality Grant Fund for which eligibility was calculated via business rates payments.

Recognising that many severely impacted businesses were excluded from these grants, an additional Discretionary Grants Scheme has been launched. This is aimed at small businesses that did not qualify for one of the previous schemes and that have ongoing property-related costs.

The awards will be split between market traders (10 per cent or £368,000) and all other qualifying small local businesses and charities (90 per cent or £3.3m).

Please note that a lot less money is available through this scheme than through previous programmes. This means difficult decisions have had to be made about allocating resources, and we will not be able to help every business in need.

It is important that you read all the information on this page if you think you qualify before you submit an application for the grant.

Applications will open at midday on Monday 15 June 2020 with a link to the form on this page. The closing date for applications is at midday on Monday 6 July 2020.