Businesses eligible for second wave of grant funding

Businesses in Babergh and Mid Suffolk who have had to close their doors to customers as part of the current national lockdown may be eligible for a second wave of grant funding.

As businesses across the country once again face restrictions as part of the nationwide strategy to help control the spread of Covid-19, the government has launched the Local Restrictions Business Support Grant.

It is open to businesses who were trading as usual on the week commencing November 2, who are liable for business rates and are one of the businesses required to close during the second lockdown.

The grants will be administered by Babergh and Mid Suffolk District Councils to businesses in the region once they have applied via the councils’ website.

The value of the grant will vary depending on the rateable value of the business premises and will be paid as one-off grants to cover a 28-day period from November 5 to December 2.

Businesses with a rateable value under £15,000 will receive £1,334 while businesses rated between £15,001 to £50,999 will receive £2,000. Finally, businesses with a rateable value over £51,000 will receive £3,000 for a 28-day period.

Once the application is submitted, the grants will be paid directly to the business bank account as quickly as possible. There is no charge to apply for the Local Restrictions Business Support Grant and businesses are urged to be wary of any organisations who suggest they are working on behalf of any local authorities for a fee.

Michael Holt, Babergh District Council, cabinet member for economic growth, said: “With businesses having to close their doors for a second time, it is more important than ever that those who are eligible for these grants seize the opportunity and apply as soon as possible.

“I would also encourage businesses to find out what other financial support and advice is available by visiting the government and the New Anglia Growth Hub websites.”

Gerard Brewster, Deputy Leader of Mid Suffolk District Council and cabinet member for economic growth, said: “The Local Restrictions Business Grant is a nationwide scheme open to businesses that have been instructed to close their doors during this national lockdown. While many businesses are doing what they can to continue to bring in revenue, those that are eligible should submit an application at the earliest opportunity.”

More information about the Local Restrictions Business Grants and the application forms can be found by visiting www.midsuffolk.gov.uk or www.babergh.gov.uk

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