To note the award of grants made under the Local Authority Discretionary Grant Fund Scheme for Fareham Borough Council.
On 2nd June 2020, the Executive Member for Policy and Resources approved a local scheme for the award of grants to businesses, as part of a wider support package announced by Government for businesses struggling with the impact of the COVID-19 pandemic.
The local scheme allows for grants of up to £5,000 to be awarded under delegated authority by the Deputy Chief Executive Officer, and grants above this amount and up to £10,000 to be awarded by the Executive Member for Policy and Resources.
The applications for grants under the scheme have been assessed, and are summarised below:-
|
No. |
Value |
Grant paid, value up to £5,000 |
41 |
£137,500 |
Grants proposed, value between £7,500 - £10,000 |
60 |
£572,500 |
Grants proposed, subject to satisfactory evidence being received |
12 |
£77,500 |
Grants proposed to market traders |
22 |
£55,000 |
TOTAL GRANTS PAID |
135 |
£842,500 |
|
|
|
FUNDING ALLOCATED |
|
£1,019,000 |
Balance available |
|
£176,500 |
Decision type: Non-key
Decision status: Recommendations Approved
Decision due: 6 Jul 2020 by Executive
Lead member: Executive Member for Policy & Resources
Lead director: Deputy Chief Executive Officer
Contact: Elaine Hammell Email: ehammell@fareham.gov.uk.