Online HR Toolkit
Get full access to 1000+ up-to-date HR guides, 24/7 Legal Helpline*, document templates, policies and guidance for you or your HR team
Local Business Grant Funds Scheme
Top-up to Local Business Grant Funds Scheme
Announced 1 May 2020: If you were outside of the scope of the Covid-19 Business Grant funds scheme then the extra funding announced yesterday “could” be good news for you and your business. A discretionary fund has been set up to accommodate certain small businesses previously outside the scope of the business grant funds scheme.
Up to £617 million is being made available to local authorities in England. This is on top of the £12.33 billion funding previously announced for the Small Business Grants Fund (SBGF) and the Retail, Hospitality and Leisure Grants Fund (RHLGF) – an additional 5% uplift), in total up to £617 million in funding. Exact amounts available for each local authority will be announced shortly.
This additional fund is aimed at small businesses with ongoing fixed property-related costs. Government are asking local authorities to prioritise businesses in shared spaces, regular market traders, small charity properties that would meet the criteria for Small Business Rates Relief, and bed and breakfasts that pay council tax rather than business rates. But local authorities may choose to make payments to other businesses based on local economic need. The allocation of funding will be at the discretion of local authorities.
Businesses must be small, under 50 employees, and they must also be able to demonstrate that they have seen a significant drop of income due to Coronavirus restriction measures.
There will be three levels of grant payments. The maximum will be £25,000. There will also be grants of £10,000. local authorities will have discretion to make payments of any amount under £10,000. It will be for councils to adapt this approach to local circumstances.
Further guidance for local authorities will be set out shortly.
Access our full range of HR guides on the Coronavirus Support Hub
“Great Discussions and Reflections Lead by Amanda's Training”
“Amanda prepared a great session and facilitated strong inward and outward reflection and discussion throughout the management team. The discussions around our team objectives and individual characteristics was interesting. I will now start to employ different leadership styles for different scenarios; understanding there isn’t good or bad but each has value at different times. ”
If you have any immediate or urgent issues get in touch with us to discuss your options in these tough and uncertain times.
Essex 01245 410201 | Suffolk 01473 360160 | Norfolk 01603 791256
This article is intended for general information purposes only and does not constitute legal or professional advice. It should not be relied upon as a substitute for advice tailored to your individual circumstances. Please be aware that the law may have changed since the article was published.
Articles may include links to external websites. We have no control over the content, availability or accuracy of these sites, and their inclusion does not imply endorsement or approval of the information or views expressed.
Start a conversation
If you need access to commercial and friendly experts to chat through any HR concerns or challenges your business is facing, you have come to the right place!
