Issue - meetings

WCC Business Loans and Grants - Economic Recovery

Meeting: 25/03/2022 - Portfolio Holder Decisions/Leader Decisions (Item 1)

1 WCC Business Loans and Grants - Economic Recovery pdf icon PDF 321 KB

Additional documents:



That the Portfolio Holder for Finance and Property:

· Approves the addition of up to £0.24 million from the Contain Outbreak Management Fund (“COMF”) to the Capital Programme in order to support additional grants for small businesses impacted by the Covid-19 pandemic.

· Approves the reallocation of £0.56 million of Capital Growth funding from supporting small business loans to supporting small capital grants in order for the Council to be able to provide additional economic recovery and growth grants in 2022/ 2023 and later years.

· Authorises the Strategic Director for Communities to negotiate, and enter into, all relevant agreements with small business grant recipients on terms and conditions acceptable to the Strategic Director for Resources.