Applications reopened for the small business discretionary funding
Published on Monday, 29th June 2020
Applications have reopened for phase 2 of the Small Business Discretionary Grant funding. Applications close on 8 July 2020.
In order for your business to qualify for the grant, you must confirm/provide evidence that you meet ALL of the following criteria:
What help is being provided?
In order that we can help as many businesses as possible from the limited funding available, grants of up to £10,000 are available.
What types of business can apply?
- Small Businesses with relatively high ongoing fixed property related costs which occupy property, or part of a property, with a rateable value or annual rent or annual mortgage payments below £51,000.
- Small Businesses which can demonstrate that they have suffered a significant fall in income due to the Covid-19 crisis
- Business with fewer than 50 employees
- Businesses that were trading on or before 11th March 2020
The following have been identified by Central Government as priority businesses for this grant funding:
- Small Businesses in shared offices or other flexible workspaces. Examples could include units in industrial parks, science parks and incubators which do not have their own business rates assessment
- Regular market traders with fixed building costs, such as rent, who do not have their own business rates assessment
- Bed & Breakfasts which pay Council Tax instead of business rates
- Charity properties in receipt of charitable business rates relief which would otherwise have been eligible for Small Business Rates Relief or Rural Rate Relief.
If your businesses is not on the above list, you may still apply if you are a Small Business trading in the Maldon District and can provide sufficient evidence that you meet the above criteria.
The eligibility criteria for this Fund, set by Central Government, directs us to prioritise those 4 business types and it is possible that the available funding may all be allocated to businesses within the above list in advance of any others.
Businesses which are eligible for the existing grant schemes will be ineligible for this grant. Businesses which received the Small Business Grant Fund (where businesses in England who are in receipt of Small Business Rates Relief (SBRR) and Rural Rates Relief (RRR) in the business rates system were eligible for a payment) are also ineligible for this Discretionary Grant.
How do I apply for the grant?
The second application period will run for 10 days from 29 June 2020 to midnight on 8 July 2020.