Hundreds of small firms across Huntingdonshire are missing out on thousands of pounds of government money on offer to tide them over during the coronavirus crisis.
Huntingdonshire District Council has handed out two thirds of the £30.8 million it has been allocated, with money going to 1,529 firms out of 2,654 eligible – but it is concerned that hundreds have still not applied for the grants worth either £10,000 or £25,000 depending on the size of the business. Council leader Cllr Ryan Fuller has urged all the missing firms to apply for their grant.
Chief executive of the Cambridgeshire Chambers of Commerce, John Bridge said: “It is imperative that the local authorities ensure these funds reach businesses as a matter of urgency. Many companies will not survive without these grants, which they are eligible to receive.”
Huntingdonshire has paid out £20 million of the money it received from the government and is the third highest spender in the chambers’ list of seven authorities in the area it covers..
Mr Bridge said: “We are finding that much of the money is still sitting in local authority bank accounts when it is so desperately needed by businesses. “It is difficult to understand the reasons behind this, and how there is such a significant difference between the local authorities that cover our Chamber area.”
Applications for grants can be made to: www.huntingdonshire.gov.uk/covidgrantfunding.