Grants announced for New Forest business in response to Covid-19
Published: 05 May 2020
01 May 2020
For immediate release
New grant fund announced for New Forest business in response to Covid-19
Small and medium sized businesses in the New Forest are now able to benefit from a new £25,000 grant fund. The fund has been developed by Solent Local Enterprise Partnership working in collaboration with New Forest District Council.
Grants of up to £2500 will be provided to rural businesses which are looking to develop alternative ways of working during the Coronavirus pandemic. The grants must be matched with private funds (50 percent of total costs) and the funding will be provided in advance with full evidence of expenditure to be provided within three months.
This new grant is available specifically to businesses which are not eligible for either the Small Business or Retail, Leisure and Hospitality Grants administered by New Forest District Council. The fund recognises that a significant proportion of local businesses have fallen outside the scope of the funding announced to date but still require financial assistance to strengthen resilience.
Cllr Michael Harris, New Forest District Council’s Portfolio Holder for Economic Development said “This funding made possible by Solent LEP will support very small rural businesses which do not qualify for any other financial support. I am therefore most grateful to officers for working so constructively despite these extraordinary times to make this happen.”
Solent LEP Chief Executive Anne-Marie Mountifield: “The Solent LEP team is busier than ever, working hard to help businesses in the region and ensure they are supported as much as possible, during this challenging time. This fund has been created specifically for businesses in the New Forest to ensure that the rural economy is in the best shape possible during this period and crucially as we come out the other side. The LEP is working with a number of organisations to bring as many initiatives as possible to help the businesses which make our economy thrive, feel supported and encouraged during this unprecedented time.”
Projects which businesses choose to undertake must safeguard jobs and demonstrate how they will benefit the New Forest’s rural economy in order to be eligible.
For further details and to begin the application process, businesses should visit. www.newforest.gov.uk/ruralfund