Agenda item

QUESTIONS ON MATTERS RELATING TO THE WORK OF THE COMMITTEE

Minutes:

There were two questions:

 

Government Grants to Small Businesses

A Member made reference to recently revised rules concerning the payment of COVID-related grants from Government, which were being allocated through local councils. In particular, clarity was sought around capacity to make payments to small companies.

 

The Chamberlain advised that these rules had changed in only the past few days and that further guidance from Government was awaited. However, it was currently anticipated that the available pot of money for City businesses would be insufficient to provide meaningful relief for all now eligible. Efforts were underway to make the case with Government in respect of additional resources to support such businesses.</AI10><AI11>

 

COVID-19 Contingency Fund

In response to a query concerning expenditure from this Fund, it was clarified that this would be reported on as part of the regular report on expenditure and commitments from the various Funds under the Committee’s control.