More money added to pot for businesses in Leamington, Warwick and Kenilworth to apply for loans to help them bouce back after Coronavirus interruption

Warwick District Council’s contribution has boosted the Coventry & Warwickshire Reinvestment Trust (CWRT), helping it deliver the Government’s Coronavirus Business Interruption Loan Scheme (CBIL).

Businesses whose cashflow has been hit by the coronavirus pandemic can apply before the closing date of September 30.

Cllr Richard Hales (Con, Kenilworth Abbey and Arden), portfolio holder for business and finance, said: “This scheme ensures that businesses in the district can access the support they need to overcome the impact that Covid-19 has had on their cashflow.

“This loan could be a vital lifeline, helping to maintain or even create jobs in the district, so I would encourage all eligible businesses to come forward and apply now.”

Sheridan Sulskis, CWRT’s executive director, added: “I am incredibly proud of how we have come together in these unprecedented times to make sure that our crucial, collaborative interventions can facilitate the survival of local businesses, protection of local jobs and in some cases, the creation of new employment opportunities.”