Over £11m paid to Isle of Wight businesses from C19 emergency fund

The Isle of Wight MP urges all small and medium sized businesses on the Island to see if they are eligible. Even if you don’t think you’re entitled, it’s worth checking

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Businesses on the Isle of Wight have already been given a total of more than £11 million in rates support grants, to help them through the Coronavirus (Covid-19) emergency.

Around 800 businesses have so far received the payments.

The grants, made available under a national government scheme, are distributed by the Isle of Wight Council to eligible businesses ratepayers.

So far more than 2,590 business ratepayers have filled in a form to provide their details for direct payment, which can be found on the IWC Website.

Stewart: Lifeline will help our Island businesses
Council leader Dave Stewart said,

“With many more millions to go out in the coming days and weeks, this lifeline will help our Island businesses at this crucial time.

“We understand that cash-flow is key to the survival of a business in these unprecedented times and I would like to thank the council staff working to get this money to our Island businesses as quickly as possible.

“I would encourage any business that thinks it is eligible for these grants to contact us through our Website so that we can arrange to get these funds to you.” 

Seely: Even if you don’t think you’re entitled, it’s worth checking
Isle of Wight Conservative MP, Bob Seely, said, 

“I urge all small and medium sized businesses on the Island to see if they are eligible. Even if you don’t think you’re entitled, it’s worth checking. 

“We need to keep our businesses and our economy going so that when we emerge from lockdown we are in the strongest position we can be to rebuild our economy and get people back into employment as quickly as possible.”


News shared by Isle of Wight council press office. Ed

Image: bartfields under CC BY 2.0

Tuesday, 14th April, 2020 5:25pm

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Filed under: Business, Government, Island-wide, Isle of Wight News, Top story

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4 Comments on "Over £11m paid to Isle of Wight businesses from C19 emergency fund"

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chausettes
If I’ve read this correctly, of nearly 2600 businesses who applied, just 800 have received the money? That means more than two thirds or roughly 70% haven’t had a penny from this fund yet. This is bad news masquerading as good news – It even hints that it may take weeks until the applicants get it.This is total spin, and according to this article it’s being fuelled… Read more »
Sally Perry

I don’t think it’s a straightforward as someone completing a form and staff being able to press a button and they are paid. The IWC say the staff in that department are working incredibly hard to make sure eligible businesses get paid asap (and I believe them).

chausettes

I don’t disagree with that part Sally. I’m just wondering why the figures have been framed so positively, when the reality is that the vast majority have had nothing. We all knew it was going to be slow, but if we keep accepting the word of our elected officials verbatim and unquestioned, we’re pretty doomed.

Sally Perry

I totally appreciate that many businesses who need the grant to pay salaries etc might not get them in time, but given it has only been running for two weeks, I thought 800 claims being processed in that time was pretty good.