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Struggling traders who missed out on financial support from Argyll and Bute Council’s Business Hardship Fund could benefit from a £98,000 top up to the kitty.
The council set up the Hardship Fund with more than £500,000 of Scottish Government funding, to help businesses affected by the Covid pandemic. It allocated this funding in full, on a first come, first served basis, to 102 local businesses.
Last week, councillors agreed to provide £98,000 of council funding to support the additional 27 businesses who qualified for support, but applied after the Hardship Fund had been paid out.
Councillor Robin Currie, leader of Argyll and Bute Council, said: ‘People need businesses to succeed so that there are local jobs.
‘Communities need businesses to succeed so that there are local services. Businesses need help in moving on from the impact of the Covid pandemic. Agreeing this funding is about delivering benefits for individual businesses and the communities which need them.’
The council will contact the additional 27 businesses directly to arrange for them to receive the funding.
The additional money comes from the council’s Recovery and Renewal Fund. In total, the council has disbursed more than £2,500,000 to local businesses negatively affected by the covid pandemic.