The High Street Fund is designed to help small businesses that have been affected by looting, robbery, destruction or arson to get back on their feet.
The High Street Fund has received over £3m worth of donations, including £500,000 from the Mayor of London, which it will hand out to small businesses that need emergency aid. Other large donators include Barclays, BP, Capita, Deloitte, Lloyds, RBS and Santander.
Grants from the High Street Fund are aimed at helping businesses to carry out repairs, replace stock, and return to trading.
“The businesses that were destroyed or damaged form the backbone of our communities. Hundreds of small firms still need urgent help to get back in business, and I urge any business owner affected to get online to see how they might qualify for an emergency grant from the fund,” says Mayor of London Boris Johnson.
The High Street Fund is being chaired by Sir William Castell, who is also chairman of the Wellcome Trust. He adds: “The aim of the fund is to get cash into the hands of the people who need it the most. I’m calling on businesses that are suffering to get in touch and benefit from the money and expertise that this fund makes available to them.”
The first donations from the High Street Fund are expected to be processed as early as next week. Visit the High Street Fund website for more information.