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Local Authority Discretionary Grants Fund – how it can help your business
by Anna Jordan • • 0 Comments
Originally written by Anna Jordan on Small Business
The government has launched the second round of applications for the Local Authority Discretionary Grants Fund.
It’s for businesses that aren’t in the leisure, retail and hospitality industries. With the grant you can receive £25,000, £10,000 or any amount under £10,000.
Am I eligible for the Local Authority Discretionary Grants Fund?
Your business must be based in England and you must have been trading since 11 March. You’ll qualify if you occupy a property or part of a property which has a rateable value of below £51,000.
You should have relatively high ongoing costs and face significant financial impact because of coronavirus. People who have received support under the furlough scheme or the Self-employed Income Support Scheme can also apply, as long as they haven’t applied for this fund already.
To apply, you’ll need to provide evidence of fixed property costs plus evidence of a substantial loss of income because of coronavirus as well as proof that you’re a small or micro business.
Businesses that are in administration, insolvent or have received a striking-off notice won’t be eligible. You also can’t apply if you’ve had support from the Small Business Grant Fund; Retail, Hospitality and Leisure Grant; Fisheries Response
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