Corporations hit by Storm Babet might get £7,500 from authorities

Companies in England affected by Storm Babet may very well be eligible for hundreds of kilos in authorities assist.

The storm triggered devastation throughout the midlands and components of Scotland earlier in October.

If what you are promoting has been considerably impacted by latest flooding, you’ll be eligible for 100 per cent aid on enterprise charges for no less than three months.

Small and medium-sized companies in affected areas will even be eligible for as much as £2,500 from the Enterprise Restoration Grant to ‘assist them shortly return to enterprise as regular.’ On prime of that, flood-hit property homeowners can apply for as much as £5,000 to make their enterprise extra resilient to future flooding by means of the Property Flood Resilience Restore Grant Scheme.

Talking in regards to the assist, setting secretary, Thérèse Coffey, stated: “Our Property Flood Resilience Restore Grant Scheme will quickly be open to assist residents higher defend their property sooner or later, giving some peace of thoughts as they rebuild and restore.” 

A number of the assist might be given beneath the Flood Restoration Framework, which will be enacted shortly to produce assist to communities affected by extreme flooding.

My enterprise has been hit by Storm Babet – how do I apply for funding?

Very like monetary assist through the Covid-19 pandemic, native councils might be supplying the funding. They’ll announce additional particulars on eligibility and methods to apply in the end so regulate your native council’s web site.

Andrew Goodacre, CEO of the British Unbiased Retailers Affiliation (Bira), stated: “We’re glad to see the assist measures being put in place so shortly for much-needed aid to small companies grappling with the results of the damaging storm.

“Assist must be made accessible shortly and the cash allotted to affected companies as a matter of urgency as retailers are actually approaching what’s historically the busiest time of the 12 months,” he stated.

Additional studying

Tips on how to declare on enterprise interruption insurance coverage post-pandemic – Steven Skiba explains how Covid-19 shook up the world of enterprise interruption insurance coverage and what you must find out about making a declare

150 UK small enterprise grants to use for proper now – UPDATED – In want of some funding to your small enterprise? These grants ought to offer you a lift, wherever you’re based mostly within the UK

Tips on how to get a enterprise grant from the council – Since Brexit, the variety of enterprise grants provided by native authorities – lots of them funded by the European Union – have dried up. We record council enterprise grants nonetheless accessible to your small enterprise