Businesses across Mansfield have benefitted from £64,068,147 worth of COVID support loans since the start of the coronavirus outbreak. This includes 1536 Bounce Back Loans – 100 per cent government-backed loans which are interest-free for the first 12 months - worth £43,042,303 - whilst 80 loans have been offered in Mansfield and Warsop at a value of £21,025,844 through the Coronavirus Business Interruption Scheme.
These schemes ensure that firms who need vital cash injections to keep operating can get finance in a matter of days, with no repayments due during the first 12 months.
The Chancellor also announced on Friday that the government’s Job Support Scheme will be expanded to protect jobs and support businesses required to close their doors as a result of coronavirus restrictions, alongside increasing the cash grants to businesses in England required to shut in local lockdowns to support with fixed costs – worth up to £3,000 per month.
