New funding unveiled to revive Melton businesses after Covid

The £750,000 Leicestershire Business Recovery Fund is aimed at small businesses to help them recover from the effects of the coronavirus pandemic.

Businesses in Melton can apply for grants of between £2,000 and £10,000.

Businesses can use the money to ensure their survival in a variety of ways including developing online selling and diversify into new product areas.

The initiative is being run by Leicestershire County Council and funded from the Leicester and Leicestershire Business Rates Pool.

Council leader Councillor Nick Rushton said: “Leicestershire’s business owners, entrepreneurs and local highstreets are having a really tough time.

“And we’re committed to helping them get back on their feet in any way we can, so that the economy of Leicestershire can continue to grow and prosper.

“I encourage all county businesses to look into whether this fund could benefit them. The county council is on the side of businesses and we are working hard to support them now and for their ongoing success and development.”

Neil McGhee, Chair of the Business Gateway Growth Hub Board, said: “It is great to see this additional support for businesses that have struggled to access the grant support already available.

“We have taken many enquiries from businesses looking for government support and are seeking help to survive. We are pleased to add this grant funding to the other finance and business support.”

Grants are open to businesses with 50 employees or less. To apply visit www.oakleaves.org.uk/leicestershire-business-recovery-fund