Small and micro-sized businesses in Bromley are being encouraged to apply for grants of up to £10,000 to support small firms which may have slipped through the cracks of previous bids to help.

Applications for the new grant fund for local businesses are now being received, with the final deadline for applications June 23.

Bromley has £2.4 million to give to local businesses as part of the authority’s share of the Government’s Local Authority Discretionary Grants Fund.

The new fund is specifically for small and micro businesses who have not been eligible for previous grant funding schemes, usually because they are not paying business rates directly.

“We have already received significant interest from local businesses which has been encouraging,” Cllr Peter Morgan, the executive councillor for renewal, recreation and housing, said of the grants.

“There is not an open ended amount of funding here but we are looking to make sure that those who are eligible are aware, so that they can apply.”

The setting up of the Local Economy Business Grants fund came as the council revealed that in excess of £43 million has been paid to almost 3000 businesses in the borough from previous Government grants.

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