Nearly £200m in pandemic grants for businesses and self-employed

By Barrie Hudson - 1 September 2020

Business

Swindon and Wiltshire businesses and self-employed people have received £199m in grants to support them through pandemic according to new Government figures.

  • Business Secretary Alok Sharma

    Business Secretary Alok Sharma

The data, relating to all seven parliamentary constituencies in the town and across the county, shows businesses as having received £118m and the self-employed £81m.

The funding does not need to be paid back, and businesses have also secured £364m in coronavirus loans.

This week has also seen the Government-owned British Business Bank issue the 75,000th loan through its Start Up Loans programme.

Business Secretary Alok Sharma said: “The Start Up Loans programme was set up by the government-owned British Business Bank to give funding and support to entrepreneurs who might otherwise struggle to access it, making a real difference to tens of thousands of entrepreneurs across the country.

“Our plan to build back better will level up every region and sector of the UK economy, backing makers, doers and innovators regardless of background.

“As well as finance, every loan recipient is offered a support package, including access to a free expert business mentor for 12 months to help them with every aspect of setting up a business.”

Of the seven constituencies grouped together in the grants announcement, North Swindon has received the most money - £13.3m - for self employed people.

It has also received just over £14m in business grants.

For South Swindon, the figures are respectively £10.8m and just over £124.8m.

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