Babergh and Mid Suffolk District Councils are reopening applications for the Discretionary Grant with expanded criteria to support businesses who have not been able to claim any other grants during the coronavirus crisis.
The expanded scheme now includes retail, hospitality, and leisure businesses with a rateable value between £51,000 and £71,000, Ofsted registered Early Years providers and other small businesses and will open for applications today, Friday, July 3.
The funding for the second phase of the Discretionary Grant is limited, and therefore, grant applications will be assessed based on a range of factors including business costs, impact of Covid-19 on earnings and number of employees. Grant applications must be submitted by Friday, July 24.
Businesses who meet the following criteria will be able to apply for the second phase of the Discretionary Grant:
- Retail Hospitality and Leisure businesses with a rateable value between £51,000 and £71,000 (who were excluded from the previous schemes);
- Ofsted registered Early years providers operating from premises with a rateable value of less than £51,000 who were excluded from previous grant schemes;
- Businesses who provide direct employment to three or more people (not necessarily FTE) with a rateable value between £15,000 and £25,000 who were excluded from previous grants;
- Mobile businesses with fixed costs that provide employment to three or more people;
- Businesses with ongoing property cost related to their business for property not subject to council tax or business rates;
- Small businesses in shared offices or other flexible workspace;
- Regular market traders in Hadleigh, Stowmarket and Sudbury;
- Bed and breakfasts paying council tax instead of business rates who hold a current food license;
- Charities in receipt of charitable business rates relief.
To access a Discretionary Grant of between £2,500 and £10,000, eligible businesses, who have not claimed any other grants (excluding the Self-Employed Income Support Scheme) must complete an online application form with their relevant supporting documents.
Michael Holt, Babergh District Council’s Cabinet Member for Economic Growth, said: “Despite the range of Covid-19 financial packages that have been unveiled, there are still many businesses who have been unable to access any grants and we aim to support those business through this second round of funding. While we would like to help as many businesses as possible, the funding available is limited and I urge businesses to submit their applications forms as soon as possible in order to benefit from this grant.”
Gerard Brewster, Mid Suffolk Council’s Deputy Leader and Cabinet Member for Economic Growth, said: “While most businesses are starting to open their doors to customers, many are still operating in very challenging circumstances. The second phase of the Discretionary Grant could provide a positive boost to some of our smaller businesses and those in the hospitality sector to support them through these difficult times. Once this funding is allocated there is unlikely to be any further government funding available so it is important that eligible businesses submit their applications as early as possible.”
The grant allowance has been set individually by each local authority depending on the level of funding they have received from government while also aiming to support as many small businesses as possible.
The Small Business Grant and Retail, Hospitality and Leisure Grant Funds are both still open for new applications.
For any queries about the Discretionary Grant contact email@example.com