Lambeth announced the Local Economy Hardship Fund last month to support at risk sectors – businesses that rely on bringing groups of people together face the biggest threat with the ongoing need for social distancing.
It will provide £4.2m in grant support over 370 organisations, including independent hospitality businesses such as restaurants, pubs, cafes, clubs and music venues, cultural organisations, charities, market traders and businesses in shared workspaces. 87% of businesses in Lambeth have been negatively impacted by the Covid-19 crisis and have experienced a loss in income. For pubs and restaurants in Lambeth this rises to 93%.
The fund has four different categories:
- Independent Hospitality Fund
- Arts and Culture at Risk Fund
- Charitable Organisations Fund
- Shared Workspaces and Market Traders Fund
