Inverclyde Council – Discretionary Fund

A Discretionary fund offering Inverclyde businesses affected by the coronavirus pandemic grants of up to £10,000 has reopened for new applications.

Local firms with less than 250 employees can now apply to the council for one-off awards of £5,000 or £10,000 if they have been unable to access any other Covid-19 financial support.

The discretionary fund was originally launched in January but had to be temporarily closed to new applicants due to the large volume of bids received in such a short space of time for the limited amount of money available.

It has now reopened for new applications following additional government funding.

The purpose of the fund is to provide financial support to Inverclyde firms with less than 250 employees that have been unable to secure any Covid-19 business grant support from October 2020.

Organisations that have already applied for discretionary funding do not need to reapply.

Businesses classed as arms-length organisations (ALEOS) or any which have been found to have breached Covid-19 regulations are excluded and should not submit a bid, as well as any that are in administration, insolvent, or been served with a striking-off notice.

Full eligibility criteria and application forms are now available on the Inverclyde Council website at www.inverclyde.gov.uk/covid-19/business-support.