Decision details

The Committee gave consideration to a report providing an update on phase 2 of the Council’s Discretionary Fund.  The report also set out an approach for how the remainder of the fund could be used to support businesses impacted by Covid in Argyll and Bute.

Decision

The Policy and Resources Committee –

1.    Note the final position regarding the two phases of the Discretionary Fund.

2.    Approve the remaining monies in the Discretionary Fund be used to establish an Argyll and Bute COVID Business Hardship Fund to directly support business affected by COVID with the criteria as noted in paragraph 3.7 and with three levels of grant award as noted in paragraph 3.10.

3.    Agree that the fund is advertised at least 14 days prior to applications being accepted and the application period will be for 7 days. 

(Reference:  Report by Executive Director with responsibility for Development and Economic Growth / Financial Services dated 4 August 2021, submitted)