Decision made
1. That approval is given to process a top up payment of 40-50% to all successful ARG applicants.
2. That approval is given to make additional payments to businesses in the Hospitality, accommodation, travel, events, hair and beauty and wedding sectors who have previously received Restart Grant funding.
Reasons for decision
It is essential that we distribute all the remaining ARG funds to eligible businesses.
The Mayor agreed to waive call-in of this decision in accordance with Part 4C of the Council Constitution. The urgency was that the Government deadline for spending tranches 1 and 2 of ARG received, which is required in order for the council to receive tranche 3 ARG funding, was 30th July. The decision must be implemented immediately in order for the remaining funds to be distributed.
Other options considered and rejected
The only other option considered was to not provide top up payments but this would not be supporting our businesses and would put at risk eligibility for future funding streams.