Good progress on paying coronavirus business grants in Caerphilly
Dawn Bowden AM thanked everyone who is helping to process grant claims and transfer money to businesses in the Caerphilly area.
“Caerphilly county borough council has approved £5.5million in emergency coronavirus business grants to date, meaning that as of Monday morning (6th April), 452 local businesses have received the green light for this much needed funding in these unprecedented times.
The first batch of payments, approved at the end of last week, will begin to appear in bank accounts tomorrow. The council is also looking at quicker methods of payment than the existing BACS process in order to get the grants out faster.
To date, the authority has received around 1,700 applications and has processed 26% of the applications received. In total, the council expects to issue £36million in grants to more than 3,000 businesses across the county borough
The £5.5million approved to date equates to 15% of the total anticipated amount, which is in line with the wider national picture across Wales.
Cllr Sean Morgan, Deputy Leader of Council said, “We are aware of the publication of an open letter from a group of local businesses concerned about the perceived delay in processing these grants. I would like to assure the whole business community that we are working 7 days a week to process these grants and our processing rate to date is very much in keeping with the national position.”
“I appreciate that businesses are keen to receive this money as quickly as possible, but we also have a responsibility to ensure due diligence when it comes to issuing public funds.”
“I would like to thank everyone for their patience and understanding as we try our best to respond to the challenges of this national emergency and I would also like to re-emphasise our full support to the local businesses community.”
The council will continue to process the grants on a daily basis and successful applicants will be notified as soon as their application is approved to explain next steps and payment timelines. We would request that any business that has already submitted an application does not make any follow up calls as we are dealing with a very high volume of enquiries at present”.