As part of the government’s initiative to support businesses affected by COVID-19 that may not have been eligible for other financial aid, South Tyneside Council has been allocated £1.4 million to distribute as £10k grants to 140 eligible businesses.
The South Tyneside Small business Recovery Fund will ‘administer a small business grant fund to certain businesses which may have fallen outside the scope of previous financial aid.’
It is to be noted that with a limited pot of money available, grants will be made on a first come, first served basis so not all eligible businesses will receive funding.
The scheme is open to limited companies, sole traders, partnerships, and limited liability partnerships that meet a strict range of eligibility criteria, including the following:
- Businesses must have less than 50 employees
- Businesses must have a turnover of not more than £10.2m
- Businesses must be able to demonstrate that they have seen a significant drop of income due to Coronavirus restriction measures
To review the full list of eligible criteria, please visit the South Tyneside Council website.
Applying for a grant
A business that wants to be considered for a grant must submit an expression of interest by 10am on Monday 8 June at www.southtyneside.gov.uk/smallbusinessrecoveryfund.
Torgersens’ business support helpline for queries relating to COVID-19
Our helpline is available to support local business owners who have queries relating to accounting, tax or how to access support during the COVID-19 crisis.
The helpline is a free, email-based service available to any business that requires assistance during this difficult and stressful time.
You can access the helpline by emailing your query to firstname.lastname@example.org. Please ensure that you include the following information in your email:
- Your name
- Your company name
- Your telephone number
- Brief details of your query
We will aim to email or call you within 24 hours of your email reaching us, between Monday and Friday.