Local Restrictions Support Grant
The Chancellor’s statement on13 October confirmed that the Local Restrictions Support Grant will change so that businesses can receive:
- grants of £1,334 per month, or £667 per two weeks, for properties with a rateable value of £15,000 or under
- grants of £2000 per month, or £1000 per two weeks, for properties with a rateable value of between £15,000-£50,000
- grants of £3,000 per month, or £1,500 per two weeks, for properties with a rateable value of £51,000 or over.
Councils will continue to receive 5 per cent of the funding, which they received for the Local Restrictions Support Grant scheme as a discretionary fund. The Government are encouraging this to be used to support business that have been legally mandated to close by the Government but are outside of the business rates system.
The scheme will apply after the very high level of restrictions has been in force for two weeks.
From 1 November the scheme will be extended to include businesses which have been required to close on a national, rather than a local basis, or which have not been legally able to reopen since the first lockdown in March, including nightclubs, dance halls and hostess bars.
More information about the scheme and details of how to apply will be available here from 1 November.
Previous Grant schemes
Small business and retail, hospitality and leisure grants - applications closed
Over 1,800 local businesses claimed one of these grants. Applications closed on 28 August 2020.
We will pay the final grants by 30 September 2020.
Local Authority Discretionary Grant Fund - applications closed
Applications for the discretionary grant fund closed on 3 August 2020.
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Page owner: Vanessa de Chazal. Last updated: 14/10/2020 16:48