Sitting on cash pile: Only half of all councils in England use £1.5bn pandemic fund with thousands of companies missing out

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City AM

By Michiel Willems Only half of all councils in England have started making payments to Covid-hit firms from a £1.5bn support package, almost 18 months after it was first launched. Real estate experts have said it is “too little too late” and could mean thousands of companies miss out on almost £700m of available funding. In March 2021, the Government said that businesses affected by Covid-19 outside the retail, hospitality and leisure sectors, and therefore ineligible for the pandemic business rates holiday, would not be able to appeal their payments for the property tax. However, it announce…

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