Thursday, July 16, 2020

£100k fund launches to support Northants, MK businesses

A new £100,000 fund has been launched to help Northamptonshire and Milton Keynes-based businesses access business support services during the coronavirus pandemic.

Created by the Northamptonshire Chamber of Commerce and its sister Chamber in Milton Keynes, the Membership Relief Fund enables chamber members to get a rebate on their membership fees.

“These are extremely challenging times for all our businesses and we need to work together to get through the challenge,” said Paul Griffiths, Chief Executive of Northamptonshire Chamber.

“We understand cash flow issues may become a challenge for businesses until restrictions relating to coronavirus (Covid-19) are lifted and markets recover.

“We anticipate that, as a result, many businesses would be unwillingly forced to leave Chamber membership, which would separate them from the very mechanisms designed to support them at times like this.

“Local businesses need, more than ever, the reliable, trusted support of a well-connected and influential business group like the Chamber. We have reserves so it’s only right in this time of need that we use them to our members’ best advantage.

“Every day we’re getting tremendous feedback about the value of our support in terms of general advice and the work of our staff who are constantly reaching out to businesses to identify what they need.

“We consider it of paramount importance that we remain in close contact and feed any specific challenges to Government letting them know where help is needed.”

The fund will be allocated as a rebate on a company’s Chamber membership fees for a specific period of time for a sum up to 100% with members being able to apply for a 50% or 100% rebate on their membership subscriptions for the next three months.

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