Discretionary Grants available from Local Authorities19 May 2020
Local Authorities have been awarded further funding and can now disburse grants to the value of £25,000, £10,000 or any amount under £10,000. The value of the payment to be made to a business is at the discretion of the local authority.
This additional funding has been made available to primarily support small and micro businesses that were not eligible for the Small Business Grant Fund or Retail, Leisure and Hospitality Fund.
Businesses that can demonstration they have relatively high ongoing fixed property-related costs and have suffered a significant fall in income due to the COVID-19 crisis can apply.
Businesses which occupy property, or part of a property, with a rateable value or annual rent or annual mortgage payments below £51,000 are also eligible.
Priority will be given to small businesses in shared offices or other flexible workspaces such as units in industrial parks, science parks and incubators which do not have their own business rates assessment.
Regular market traders with fixed building costs, such as rent, who do not have their own business rates assessment also qualify as do Bed & Breakfasts which pay Council Tax instead of business rates.
If you have already applied to your local authority for a business grant and been declined, you are urged to reapply as the new discretionary grants have a wider scope to support those not previously eligible.
If you have not yet approached your local authority regarding a business grant application, please do so as soon as possible as the funding will not be available in the longer term.
Please visit this page on our website that links you to all the relevant Local Authority business grant information bizgateway.org.uk/our-services/support/coronavirus-covid-19/local-authority-support/