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As at Sunday 19 April 2020, Peterborough City Council have paid out over 50 per cent (over £17 million to 1,456 Peterborough small businesses and businesses in the retail, hospitality and leisure sectors) over the last three weeks, mainly through BACS transfers.
Further payments will continue to be made over the coming days with 90 per cent of these to take place by the end of the month. Businesses who qualify for the grants do not need to do anything, the council will pay the money directly into their accounts through BACS payments.
Councillor David Seaton, cabinet member for finance at Peterborough City Council, said: “We are distributing these grants swiftly, however, we are required by government to ensure these payments (of sums of £10,000 and £25,000) are given to those businesses which meet the government criteria.
“Sadly, there has been a minority of people who have attempted to submit fraudulent claims and because of this we have to make sure we are not simply handing over millions of pounds of taxpayer’s cash.”
Peterborough City Council has also awarded 100 per cent business rate relief for 1,255 retail/hospitality/leisure businesses, totalling £36,255,343.42. We also have 31 nurseries eligible for relief of £337,656.
Peterborough businesses can find out more about the grants and other support that is available through the council for businesses in the city