Issue - decisions

The decision to spend part of the latest ARG grant on a range of business support activities.

The aim is to use part of ARG to deliver long term changes that will support the recovery going forward – particularly in the short term in line with the funding deadline rather than short term quick fixes provided through the grants.

It is proposed to allocate an Economic Recovery Fund of £500k for business support activities arising from proposals put forward from the Council’s partners on the Economic Recovery Board, and a further £250k to specific recovery activities led by the Council. £610k will be held back in the event of a further lockdown, to be used as cash grants.

The reason is to ensure ARG is spent by 31st March 2022 and is used to provide longer term and sustainable support to businesses.