Local grant funding for open and closed businesses

Local grant funding is being made available to businesses impacted by national and local restrictions, via local councils.

Local Restrictions Support Grant (LSRG (Closed))

Businesses that were open but required to close because of local restrictions may be eligible to receive a cash grant. Grants will be awarded for each 14 day period that a business was shut.

Your business may be eligible if it:

  • is based in England;
  • operates from a property on which it pays business rates and is the ratepayer;
  • is in an area under local restrictions and has been required to close because of these (first full day of closure on, or after 9 September);
  • has been required to close for at least 14 days as a result of restrictions; and,
  • has been prevented from providing its usual in-person service from its premises.

Eligible businesses can receive one grant for each non-domestic property within the restricted area. However, eligibility may vary between each jurisdiction.

You cannot secure funding if you can continue to operate as normal, even without providing in-person service; if the restrictions last for less than 14 days, you closed voluntarily, you have been subject to closure since 23 March 2020 or if you have exceeded the permitted state aid threshold.

The rateable value of your business premises on the first full day of local restrictions, will determine the level of funding you receive:

  • £15,000 or less – £667 for each 14 day period your business is closed
  • Between £15,000 – £51,000 – £1,000 for each 14 day period your business is closed
  • £51,000+ – £1,500 for each 14 day period your business is closed
Local Restrictions Support Grant (LSRG (Open))

Businesses that remain open, but are severely impacted by local restrictions may be entitled to a cash grant for each 28 day period under constraints.

You may be eligible if your business:

  • is based in England;
  • is in an area subject to ‘High or Very High local restrictions since 1 August and has been severely impacted by these;
  • was established before the introduction of the High alert level restrictions;
  • is impacted but remains open.

Importantly, local councils have the freedom to determine which businesses are eligible for this particular grant.

If you established your business after the introduction of local restrictions in your area, you will not receive funding. Furthermore, businesses in administration, insolvent, struck off, or exceeding the state aid threshold may not access funding.

The rateable value of your business premises on the first full day of local restrictions, will determine the level of funding you receive:

  • £15,000 or less – £934 for each 28 day period
  • Between £15,000 £51,000 – £1,400 for each 28 day period
  • £51,000+ – £2,100 for each 28 day period

Where national restrictions are introduced, the LSRG for open businesses will cease to apply. Funding will instead be provided under the LSRG intended for businesses required to close because of national restrictions imposed between 5 November-2 December 2020, or the Additional Restrictions Grant (ARG).

Read more here.

Additional Restrictions Grant (ARG)

With the Additional Restrictions Grant (ARG), councils can support closed businesses that do not pay business rates, or impacted open businesses. Local councils will determine which businesses receive funding and exactly how much.

Applying for local grant funding

Businesses must apply for funding via the relevant local council. We’ve included handy links to the authorities supporting businesses that are operating in the areas surrounding our offices. The Government do also have a handy tool to help you identify which authority to contact, here.

How can George Hay help?

We support hundreds of businesses, across Cambridgeshire, Hertfordshire, Bedfordshire and throughout the UK.

Our advisers can point you in the right direction and assist you with the provision of supporting documentation for your application, if needed.

If you are unsure of your eligibility, we can help you to identify which support measures are open to you.

To speak to one of our friendly professionals, please contact us today, or fill in one of our online enquiry forms.

Cambridgeshire County Council | Huntingdonshire District Council
Hertfordshire County Council | North Hertfordshire District Council
Central Bedfordshire Council

Leave a Reply

Categories

Archives