Following the government’s recent announcement introducing the Closed Business Lockdown Payment; below is a summary of the Business Lockdown Payment and other grants currently available.
1. Closed Businesses Lockdown Payment
Businesses required to close by government, including non-essential retail, leisure, personal care, sports facilities and hospitality businesses could be eligible for this payment.
These one off grant payments will be issued to eligible businesses as follows:
£4,000 for businesses with a rateable value of £15,000 or under.
£6,000 for businesses with a rateable value between £15,000 and £51,000.
£9,000 for businesses with a rateable value of over £51,000.
Applications for this grant close on 31 March and final payments will be made by 30 April. An application form can be found here
2. Local Restriction Support Grant
Businesses required to close under national or local tier restrictions, or which have been severely impacted due to restrictions may be eligible for a Local Restriction Support Grant.
Businesses required to close:
Eligible businesses appearing on the local rating list with a rateable value of £15,000 or under when local restrictions started will receive £1,334, if they were forced to close between 5 November and 2 December 2020 or £667 every 14 days if they are forced to close from 2 December 2020.
Eligible businesses appearing on the local rating list with a rateable value over £15,000 and less than £51,000 when local restrictions started will receive £2,000, if they were forced to close between 5 November and 2 December 2020 or £1,000 every 14 days if they are forced to close from 2 December 2020.
Eligible businesses appearing on the local rating list with a rateable value of £51,000 or over when local restrictions started will receive £3,000, if they were forced to close between 5 November and 2 December 2020 or £1,500 every 14 days if they are forced to close from 2 December 2020.
Since 5 January, payments to businesses are paid on a full 42 day (six week) payment cycle. Applications close on 31 March and final payments will be made by 30 April.
An application form for the Local Restrictions Support Grant (Closed Scheme) can be found here
Affected businesses which remained open until 5 January 2021:
Eligible businesses appearing on the local rating list with a rateable value of £15,000 or under when local restrictions started will receive £467 every 14 days, if they remained open from 2 December 2020.
Eligible businesses appearing on the local rating list with a rateable value over £15,000 and less than £51,000 when local restrictions started will receive £700, if they remained open every 14 days from 2 December 2020.
Eligible businesses appearing on the local rating list with a rateable value of £51,000 or over when local restrictions started will receive £1,050, if they remained open every 14 days from 2 December 2020.
An application for the Local Restrictions Support Grant (Open Scheme) can be found here
3. Additional Restrictions Grant
A discretionary one-off payment through the Additional Restrictions Grant is also available to some businesses severely impacted, but not forced to close, by Covid-19.
Applications will be reviewed by an awards panel each Monday. If applications are successful, applicants will receive an e-mail to confirm the amount of grant funding they will receive. This will be paid by BACS transfer to their bank account within 7 to 10 days of the panel’s decision.
An application form for Additional Restrictions Grant can be found here
If you have any questions about these grant schemes, please contact James Devonshire Specialist Services Manager jdevonshire@tandridge.gov.uk
