SMEs received £21.3 billion in COVID-19 local authority business support grants
Research has shown that small businesses received £21.3 billion in local authority business support grants during Covid.
The grants were used to support business in sectors including accommodation and food services, wholesale and retail, and arts entertainment and recreation. The scheme was created to support businesses during and to recover from the impact of the pandemic.
The scheme was was created by the UK government and was administered by local authorities.
Small Business Minister Jane Hunt said: "Our amazing small businesses are the backbone of our economy and their efforts both during and since the pandemic have been heroic.
"In many cases, Local Authority Business Support Grants were essential to businesses who found themselves really struggling and who are now able to recover, grow, and look to the future.
"By putting billions of pounds into business recovery, we have stood by our commitment to our small businesses and the communities, families, and livelihoods they form a key part of."
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