Business Round-Up – 6 April 202006/04/2020
Innovate UK Business-Led Innovation Grant Applications Open10/04/2020
Inverclyde Council have today confirmed that the first batch of payments of the Scottish Government Coronavirus Business Support Fund in Inverclyde have now been processed, as their rates department work through the hundreds of applications received so far.
The Chief Financial Officer at Inverclyde Council, Alan Puckrin, confirmed to Inverclyde Chamber of Commerce that the first of the payments have been made this week and resources have been allocated to create a multi-departmental team at the Council who are working their way through the applications.
It has also been confirmed that there is a significant backlog to be worked through due to guidance on the scheme not being received by the Council until days after it was announced. This resulted in approximately 400 applications being received before the appropriate procedures were in place to be able to deliver the process.
Mr Puckrin stated:
“The first payments have been made this week and I expect these to increase as the team get more comfortable with the process which had to be delivered from a standing start with virtually no notice.”
The target timescale to process the payments is within 10 working days of a fully completed application but, to date well over 66% reviewed required more information or evidence, thus causing some further delays.
An automatic e-mail response acknowledging receipt of the application was not previously set up but has been put in place today to give applicants confirmation that their applications has been received.
Once an application has been approved, applicants will also received an email from the rates department advising that their grant application has been approved, that a BACS payment has been sent to their bank and that it could take up to 5 working days to reach their account.
Applications for the grant will remain open until 31 March 2021. The Application Form and more information on how to apply can be downloaded here.
For more information on other schemes and funding available, visit our Covid-19 Hub.