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If your business made a loss in the pandemic, Lincolnshire County Council's recovery fund could help

A fund to support small businesses that recorded losses in 2020 has received applications for more than £3m in just two days.

More than 400 businesses contacted Lincolnshire County Council appealing for a share of its business recovery fund.

The pot is for those that have not already received any government funding.

Lincolnshire County Council (32376047)
Lincolnshire County Council (32376047)

Feedback from businesses applying in the first two days was that they had made a loss in 2020, but did not meet the 30 per cent threshold.

Now the scheme is to re-open to allow these businesses the chance to apply.

Coun Colin Davie, who is responsible for the county's economy, said: "We are delighted that we have had so many applications already and it is important that we are looking to help those businesses that have suffered with the largest losses first.

"We are now able to extend the eligibility to small businesses that have made any loss, provided they meet the other criteria.

"And in the next few weeks we are also launching three further funding schemes to provide grants to help businesses improve their digital offer, expand and grow, and a specific grant for businesses and organisations in rural areas.

"These aim to give our local economy a much-needed boost, supporting businesses into the future."

The application window is open from Thursday (March 4) at 9am until Saturday (March 6) at noon. The other existing eligibility criteria will remain. For more information and to apply, visit www.lincolnshire.gov.uk/grants-funding

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