Guide East Devon business coronavirus update - 20 May 2020

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1. Introduction

Mark Williams, Chief Executive of East Devon District Council, introduces this week’s business update:

The Council continues to support local businesses with small business grant funding, with more than £40m paid out to 3,432 businesses. If you have received a letter or email from us about this, please complete your claim without delay. Any business wishing to decline the grant should complete the online form.

We know that local businesses are keen to hear news about Government’s new ‘top-up’ fund for small businesses which were previously outside the scope of the grant scheme.  You can read the guidance provided to local authorities so far.  We are working with our partner Authorities across Devon to agree a policy for how these funds are deployed that responds to local circumstances.  It is clear though, that the amount of funding available in the District (circa £2.5m) relative to the priorities already identified in the national guidance (including B&Bs, charities, market traders and businesses in shared office space) will mean that grants are likely to be restrained in amount, as the likely demand on the fund will significantly exceed the limited amount of funding the Government has allocated.  We are waiting for further information and next week we will be able to advise when the fund will open.

Our East Devon Business Continuity Programme of informative webinars, brought to you by Cosmic, provides practical support to help you adapt to the current circumstances. From digital marketing made easy to using Zoom, Facebook, Instagram and improving your website, these helpful sessions provide real and useful guidance to reshaping your business for it to survive and thrive and I would encourage you to sign up to these without delay.