Lambeth has used the Additional Restrictions
Grant from Government to create the Economic Resilience Fund to
support businesses impacted by ongoing Coronavirus restrictions and
Lambeth is taking a phased approach to the Economic Resilience Fund. Phase 1 ran from January – March 2021 and has provided more than 650 grants to businesses in need.
A second decision is required to authorise spend of the £3.3 million allocation for Phase 2 and a further Phase 3 (estimated at £2.5m) that will be unlocked should all previous allocation be spent by 30 June 2021. It is proposed that this will include a mix of business grants and strategic business support projects.
Decision type: Key
Reason Key: 2. Financial;
Decision status: Recommendations Approved
Wards affected: (All Wards);
Notice of proposed decision first published: 06/04/2021
Decision due: Not before 5 May 2021 by Cabinet Member for Planning, Investment and New Homes
Lead director: Strategic Director: Sustainable Growth and Opportunity
Department: Sustainable Growth and Opportunity
Contact: Matthew Blades, Head of Business, Culture and Investment Email: firstname.lastname@example.org.