Leader of the Council announces a bounce back loan scheme for small business owners.


Leader of Havering Council Councillor Damian White writes:
I am very pleased that the Government has now launched a Bounce Back Loans scheme where small business owners can now apply for support using a simple online form.

Small businesses that are the foundation of our local town centres and a vital part of our local economy will be able to borrow between £2,000 and £50,000, with the cash arriving within days.

The Government will provide lenders with a 100% guarantee and cover the cost of any fees and interest for the borrower for the first 12 months. To enable firms to get back on their feet, no repayments will be due during this period. More details on this very welcome scheme below.

As I mentioned yesterday I never cease to be impressed by the kindness shown by so many during this COVID-19 crisis and the way that the voluntary sector has risen to the challenge to support the vital services provided by the NHS.

Imagine living alone and your main company being the radio and television. When 93 year old, Doris’s hearing aid broke, she couldn’t even hear the phone or the doorbell which was very distressing for her.

But thanks to our Havering Heroes at the Havering Volunteer Centre and the NHS audiology department they collected, fixed and returned a broken hearing aid within 24 hours to a very grateful Doris at her Harold Wood home.

If you want to contact me directly, please email me.

Please stay safe.

Cllr Damian White

Leader, Havering Council

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