COVID CASH BOOST FOR NEWHAM BUSINESSES
£10.1 million Additional Restrictions Grants to support businesses in lockdown
On Tuesday 19 January Newham Council approved the new strategy to help local businesses adapt and recover to the COVID-19 pandemic. In line with Mayor Fiaz’s Towards a Better Newham plan, the paper approved by Cabinet shows how Newham Council will be giving away £10.1 million of grants in four chunks, and a programme of business support activities. The £10.1 million is to last until March 2022 and any further lockdowns.
Since March 2020 Newham Council has distributed almost £150 million in grants to businesses and business rates relief. Over 4,000 business have received mandatory grants, more than 600 businesses have received discretionary grants and business rates relief has reached 2,570 business. Because of the most recent restrictions imposed by the government, Newham Council is in the process of distributing £10.1 million of Additional Restriction G