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£71m paid to holiday home owners in Cornwall

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According to reports, holiday home owners received £71 million of coronavirus business grants paid out in Cornwall.
The Government provided cash to be paid to businesses which had been hit by the lockdown so that they could keep afloat.

It has previously been revealed that £50m went to holiday let owners but now updated figures show that they received much more than that.

Cornwall Councillor Cornelius Olivier has been highlighting the issue saying that it was “scanadlous” that so much of the money was going to holiday home owners.

Cornwall Council has been administering grants for businesses with funding provided by the Government – those grants are for either £10,000 or £25,000 subject to criteria set by the Government.

In information he received from Cornwall Council the Penzance East councillor said that by June 9 the council had paid out £177m in £10,000 grants to businesses.

Of that just under £71m went to “holiday let business premises” – and Cllr Olivier said that £42m of that went to people living outside of Cornwall.

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Akinola
Akinola
Akinola Olusegun is a blogger and publisher of this blog, money247.com.ng. You can also check out his other blogs : segtv.com.ng (videos & news), letgoonline.com.ng (e-commerce), letgoonline.com.ng/blog (news) among others. Follow him via any or all of his social media pages to get fresh posts update.
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