Discretionary Grant Fund
The Government have recently announced a Discretionary Grant Scheme for small and micro business with fixed property costs that were not eligible to claim neither of the previous Small Businesses Grant Fund nor the Retail, Hospitality and Leisure Grant Fund. If you have already benefited from either of these schemes, then you will not be eligible to claim via the new Discretionary Grant Scheme.
If you are working from home, then you are also not eligible to apply for this scheme.
Discretionary Grant Scheme
Under the new scheme you may be eligible to receive a grant of £25,000, £10,000 or any amount under £10,000.
Eligibility
You are potentially eligible if your business:
- is based in England
- has fewer than 50 employees
- has fixed building costs such as rent
- was trading before 11 March 2020
- not be a chain or subsidiary of a larger company
- has annual property or other fixed costs of over £3,000 per year (which, for market traders, includes pitch fees)
- has been adversely impacted by the Coronavirus
Please note you are still eligible if you have applied for either the Coronavirus job Retention Scheme or the Self-Employed income Support Scheme
How to apply
Visit your local council’s website to find out how to apply. Due to the limited funding available and expected over-subscription to the scheme, grant applications will need to be submitted to the City Council for assessment, with payments expected to start in June. The grant will not need to be repaid, however please note that it will be taxable.
Please be aware that the closing date for applications is 15th June 2020.
Should there be anything further that we can assist you with, please do get in touch.