(Report of Chief Executive)
Following the successful distribution of its initial Additional Restrictions Grant (ARG) allocation ahead of the 31 July 2021 deadline, the Borough Council received an additional £1.054 million of ARG funding from Government to use to support local businesses as the economy moved towards a period of recovery.
An amended policy (attached at Annex 1) was presented for consideration and aimed to establish a focus on supporting those in the entertainment, leisure, activity, travel and tourism, events businesses and wraparound care sector by providing a small additional grant to businesses that had previously applied to rounds 1 and 2 of the ARG (Discretionary) Restart Grant or the Mandatory Restart Grant.
Following consideration by the Economic Regeneration Advisory Board, the Cabinet Member for Economic Regeneration resolved that:
(1) the report be noted;
(2) the proposed amended Additional Restrictions Grant Policy, set out at Annex 1, be agreed; and
(3) the timescale for applications be opened as soon as possible (late September 2021)