Local Restrictions Support Grant
Businesses required to close in England due to local or national restrictions will be eligible for the following:
- For properties with a rateable value of £15k or under, grants to be £1,334 per month, or £667 per two weeks;
- For properties with a rateable value of between £15k-£51k grants to be £2,000 per month, or £1,000 per two weeks;
- For properties with a rateable value of £51k or over grants to be £3,000 per month, or £1,500 per two weeks.
The closing date for applications is Wednesday 2 December 2020.
We have worked closely with our partner, Ascendant Solutions, to provide a portal that enables businesses to make an online application for a Local Restrictions Support Grant. The portal is hosted at www.grantapproval.co.uk, in partnership with the councils. Businesses are now able to submit their details to claim a Local Restrictions Support Grant.
You can download additional information about the grants below.
We are continuing to work on the Additional Restrictions Grant policy and will share more details as soon as we are able.
Central government has published guidance on how the grants will operate. This can be found here on the government website.
Additional Restrictions Grant (ARG)
The Additional Restrictions Grant is a discretionary grant scheme and has been developed to provide additional support to businesses that have been forced to close or are severely affected during the current national lockdown.
The funding is limited and aimed at businesses who were not eligible for the Local Restrictions Support Grant
If a business is required to close and has no Non-domestic rating assessment and falls within one of the following categories, then an award will be granted:
- Small businesses in shared offices or other flexible workspaces. Examples could include units in industrial parks, science parks and incubators which do not have their own business rates assessment
- Bed & Breakfasts which pay Council Tax instead of Business Rates
- Regular market traders with fixed building costs, such as rent, who do not have their own business rates assessment
- Home based ‘in person’ businesses where services are wholly or mainly provided ‘in person’ and cannot be provided remotely
- Arts and entertainment organisations or businesses such as amateur dramatic groups or local theatresAgricultural businesses that wholly provide the science or practise of farming, including cultivation of the soil for the growing of crops and the rearing of animals to provide food, wool and other products
In addition to the businesses above, businesses that fall under the Food, Beverage, Event, Hospitality and Leisure supply chain and have not been forced to close will also be eligible for a grant payment.
In all cases the business must have been trading with effect 4th November 2020
The amount of grant that will be awarded has been decided as follows:
Business type | Grant (5th November 2020 to 2nd December 2020)
Bed & Breakfast - £1,334
Supply chain – Food, Beverage, Event, Hospitality and Leisure:
- For businesses with a rateable value of under £15k - £1,334
- For business with a rateable value of more than £15k and less than £51k - £2,000
- For businesses with a rateable value of £51k or more - £3,000
Market Traders - £667
Shared spaces - £1,334
Agriculture - £1,334
Homebased business - £800
Arts and entertainment - £1,334
Applications for the Additional Restrictions Grant will close at 23:59 on the 13 December 2020
NatWest Social and Community Capital Coronavirus Response Fund
Applications for the NatWest Social and Community Capital Coronavirus Response Fund are now closed. Natwest will contact shortlisted entries.
The coronavirus Future Fund
The Future Fund has been designed by government and will be delivered by the British Business Bank. The scheme opened to applications on Wednesday 20 May 2020.
The Future Fund is open to eligible companies operating in all sectors.
The scheme will issue convertible loans between £125,000 to £5 million to innovative companies which are facing financing difficulties due to the coronavirus outbreak.
These convertible loans may be a suitable option for businesses that typically rely on equity investment and are unable to access other government business support programmes because they are either pre-revenue or pre-profit.
Your business is eligible if:
- it is UK-incorporated. If your business is part of a corporate group, only the parent company is eligible;
- it has raised at least £250,000 in equity investment from third-party investors in the last 5 years;
- none of its shares are traded on a regulated market, multilateral trading facility or other listing venue;
- it was incorporated on or before 31 December 2019;
- at least one of the following is true: 1.) half or more employees are UK-based; or, 2.) half or more revenues are from UK sales.
The Small Business Grant Fund scheme and the Retail, Leisure and Hospitality Grant schemes closed on 28 August 2020.
As part of the package of measures to support businesses, local authorities are due to administer the following:
- Small Business Grant Funding (SBGF) of £10,000 for businesses in receipt of small business rate relief or rural rate relief
- Retail, Hospitality and Leisure Grant Fund (RHLGF) funding of £10,000 for retail, hospitality and leisure businesses with property with a rateable value up to £15,000 and £25,000 for retail, hospitality and leisure businesses with property with a rateable value between £15,001 and £51,000