The Government have announced a new scheme where councils can allocate funds to small or micro businesses who have been affected by the COVID-19 outbreak.
This fund is available to businesses who have not been eligible for any other grant, with the exception of the furlough scheme and Self Employment Income Support Scheme (SEISS), and who were trading on 11 March 2020.
Applications to the Discretionary Fund will open on June 1, and we anticipate that the first set of grants will be paid bweek commencing 15 June.
The second and third payment runs will follow every two weeks, as follows:
|Applications open||Payments made week commencing:|
|15 June||29 June|
|26 June||13 July|
Please visit this page on 1 June in order to apply.
The funding is only available to businesses with fewer than 50 employees, as defined in the Companies Act 2006. Your business must have been trading on 11 March 2020 and not insolvent or dissolved.
In addition, the grants are aimed at:
Grants will range from £1,000 to £25,000. You do not need to repay the grant.
Yes. The Government has asked councils to prioritise the following businesses:
In addition, because the amount of funding provided to councils is finite, the following Local Priority Sector Businesses will be prioritised for grant assistance:
To submit your application, you will need:
You may also need to supply the following:
Please take care when entering details and especially numbers; incorrect information provided could significantly delay your grant.
Please check your bank details carefully. We will not be able to pay a grant twice, so if you provide incorrect account details and we are unable to reclaim the original payment, you may not receive your grant.
Applications will be checked against previously approved grants, data held on file and against HM Revenue and Customs records. Any business caught falsifying their record to obtain grant money will face prosecution and any funding issued will be reclaimed.