fbpx

Apply for a local authority discretionary grant

Not all small and micro businesses are eligible for other grant schemes during the coronavirus crisis. The Discretionary Grant Fund is designed to support those with fixed property costs that are not eligible for the Small Business Grant Fund or the Retail, Hospitality and Leisure Grant Fund or other government grant schemes.

Grants can be for £25,000, £10,000 or any amount under £10,000.

A business may be eligible if it is based in England, has relatively high ongoing fixed property-related costs, occupies property (or part of a property) with a rateable value or annual mortgage/rent payments below £51,000, was trading on 11 March 2020 – and can demonstrate that it has suffered a significant fall in income due to coronavirus.

The fund was established to help, in particular, regular market traders, small businesses in shared offices or other flexible workspaces, such as units in industrial parks or incubators, B&Bs paying council tax instead of business rates and charity properties getting charitable business rates relief (but not eligible for small business rates relief or rural rate relief).

Businesses that have applied for the Coronavirus Job Retention Scheme or the Self-Employed Income Support Scheme are eligible to make a claim and can still apply for coronavirus-related loans if they’re eligible.

Local councils have discretion around how to prioritise this funding. Your local council’s website will have details showing how to apply.

This scheme will be closed on August 28 2020.

To find out more about this idea (and all the other bright ideas) from Jo – just fill in the reply form below.

Jo's Idea of the Day enquiry form: apply for a discretionary local authority grant

Visit us at savethehighstreet.org and join our national campaign