Within less than three weeks of being allocated £31.7m of Government money to distribute, SKDC paid out £22.15m in 1,838 grants - with 900 payments made in the first 24 hours. The rapid response ranked the council 36th out of 315 local authorities nationwide responsible for administering the Government funded grant schemes.
SKDC Leader Cllr Kelham Cooke said: "Supporting our local businesses through the Coronavirus is one of our top priorities.
This is an outstanding achievement and would not have been possible without our dedicated staff working tirelessly to allocate money, while giving equally valuable guidance and advice."
The Small Business Grant Fund and the Retail, Hospitality and Leisure Grant Fund are administered by InvestSK, the council's economic growth and regeneration company.
More than 2,500 businesses in South Kesteven eligible for the grants have been contacted and asked to complete an online declaration form so the grants can be paid directly to them.
"I would urge those businesses yet to do so to complete their paperwork so that we can help them access this funding," said Cllr Cooke.
InvestSK provides a central point of contact for local businesses concerned about the impact of Coronavirus on their operations.
More details about the grants and a link to the declaration form for eligible businesses to complete is at www.investsk.co.uk/businessgrants
Businesses that do not qualify for the support can contact InvestSK about other support that may be available.