Decision - Covid-19: Support for Businesses
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Decision details
Covid-19: Support for Businesses
Decision Maker: Policy & Resources (Recovery) Sub-Committee
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
Purpose:
Outlining the business support steps taken to
date, agreeing criteria for the new discretionary grant scheme as
well as offering support to key partners in the city's economy
including the Brighton BID, Visit Brighton and B&H Economic
Partnership.
Decision:
1) That members note the work being undertaken to deliver business rates relief and business grants to local businesses.
2) Agree the rationale and process for administering the discretionary grants for business, and delegate the agreement of the detail of the application and assessment process to the Executive Director Economy, Environment and Culture, and acting Chief Finance Officer
3) Delegate final approval to make grant awards to the Executive Director Economy, Environment and Culture, in consultation with a professional panel to include representatives of business groups who helped to prepare the Economic Strategy
4) Agree to underwrite income to the Brilliant Brighton Business Improvement District (BID) for 2020/2021, up to a maximum of £350,000.
5) Agree to waive the business membership fees for Visit Brighton for 2020/2021 for six months to a maximum cost of £100,000.
6) Allocate £15,000 from the 2020/2021 Economic Development Budget to cover the operating costs of the Brighton and Hove Economic Partnership.
Report author: Max Woodford
Publication date: 29/05/2020
Date of decision: 29/05/2020
Decided at meeting: 29/05/2020 - Policy & Resources (Recovery) Sub-Committee
Accompanying Documents:
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