On Wednesday 9 September, the Government announced there would be further funding to support businesses that are legally required to close due to restrictions being put in place to manage coronavirus and save lives.
The businesses and venues affected are listed in item 4 of the governments guidance document.
If your business was forced to cease trading as a direct result of the local restrictions and will remain closed for the entirety of the current lockdown cycle you may be eligible for this grant and are encouraged to apply.
The amounts available through this grant are detailed below:
- businesses with a rateable value of exactly £15,000 or under on the date of the commencement of the local restrictions will receive a payment of £667 per 14-day qualifying restriction period.
- businesses with a rateable value over £15,000 and less than £51,000 on the date of the commencement of the local restrictions will receive a payment of £1,000 per 14-day qualifying restriction period.
- with a rateable value of exactly £51,000 or above on the commencement date of the local restrictions, will receive £1,500 per 14-day qualifying restriction period.
Apply for the grant
Discretionary Grant Scheme
If you have a business where you do not have a liability for business rates but have on-going fixed costs or have had a significant reduction in income, this may be a grant that is available for you.
The funding for this scheme can used across financial years 20/21 and 21/22. Spelthorne Borough Council have until 31 March 2022 in which to spend this sum.
- Businesses that are eligible for a payment under the Local Restrictions Support Grant (closed).
- Businesses that are subject to strike off notice, insolvency, or administration
- A business with a trading address which is not within the local authority area of Spelthorne Council. Not to be confused with a registered address.
- Businesses that qualify as either a micro or a small business (as defined in the Small Business, Enterprise, and Employment Act 2015 and the Companies Act 2006.)
- To qualify as a small business, applicants must demonstrate at least two of the following criteria in a year: -
- Turnover: Not more than £10.2 million
- Balance sheet total: Not more than £5.1 million
- Number of employees: a headcount of staff of less than 50
- Businesses are eligible, where one or more of the below statements apply:
- Non-rated businesses that have been mandated to close but are ineligible to apply for a grant under the Local Restrictions Support Grant (closed) scheme.
- Businesses which have previously been awarded grants under the Small Business Grant Fund (SBGF) or Local Authority Discretionary Grant Fund (LADGF).
- Businesses that are NOT mandated to close but are adversely impacted by national restrictions and/or other factors associated with COVID-19.
- Businesses that have applied for the Coronavirus Job Retention Scheme (the furlough scheme) are eligible to apply for a grant under this scheme.
- Businesses that are eligible for the Self-Employed Income Support Scheme (SEISS) are eligible to apply for a grant under this scheme as well.
- Businesses must have been trading on 4 November 2020 to be eligible to apply for a grant under the Additional Restrictions Grant Scheme.
- Fixed Costs - any costs relating to the operation of the business that cannot be cancelled during this period. These could include property costs such as rent for non-rateable commercial premises, utilities, etc. Fixed costs do not include employee costs.
- Significant Impact - A statement will be required from the company showing that a significant amount of their revenue comes from businesses required to close.
- Trading - a business that even if not registered within the borough on Companies House, has a presence in the area and is clearly trading from an address within the borough.
- Market Traders - Market Traders will be paid by the Local Authority where their home address or commercial premises address is. The location of the markets they attend will not be considered as part of this grant scheme apart from in exceptional circumstances.
Apply for the grant