Following the new lockdown measures announced on the 4th January this week, new lockdown grants of up to £9,000 are being released for businesses in retail, hospitality and leisure.
This is part of a £4.6bn support package to help the most affected businesses through the third national lockdown during the coronavirus crisis.
Chancellor Rishi Sunak unveiled new lockdown support for the sectors likely to be hardest hit by the latest Covid restrictions, which are forcing them to close again.
How the new lockdown grants will work
One-off grants are being given to businesses in these sectors of between £4,000 and £9,000 per business premises. Allocation of the new lockdown grants will be judged on the rateable value of the business premises.
- £4,000 for businesses with premises of rateable value £15,000 or less
- £6,000 for those with rateable value between £15,000 and £51,000
- £9,000 for businesses with rateable value above £51,000
What else is available
In addition, £594m is being given to local authorities and devolved administrations to support other businesses impacted by the restrictions which are not eligible for the one-off grants.
This support comes on top of existing grants worth £3,000, the 100% business rates relief for the retail, hospitality and leisure sectors, and the £1.1bn discretionary funding for local authorities. Of course, the furlough scheme has also been extended until April and government-backed loans until the end of March.
It is also expected that there will be an extension to the SEISS scheme, but we are awaiting further news on this and will keep you posted.
You can find out more on GOV.UK
You can also use the business support finder to find out specifically what support is available for your business.
How to apply
These measures are expected to help 600,000 or so businesses across the country, including thousands in Staffordshire. You will need to apply for the new lockdown grants through Stafford Borough Council.
The local council is currently waiting to receive the final qualifying criteria for applications, but will pay the grants automatically from its existing data where they can.
Check SBC’s page for the latest information and for confirmation of the eligibility criteria. If you have previously received a Local Restrictions Support Grant because your business was forced to close from 5 November 2020, even if you were able to re-open on 2 December 2020, SBC will automatically make fortnightly payments in line with the Local Restrictions Support Grant – Closed (LRSG-C) scheme detailed below, for as long as you are prohibited from trading. You do not need to re-apply.
Eligible businesses are:
- Businesses included in the Rating List, that are mandated to close by national or local trading restrictions.
- Businesses that have changed their substantive operating processes so as to be able to continue to trade may also get this grant. For example, restaurants operating as takeaways or shops operating as click and collect only, will still be eligible.
- Properties with a rateable value of £15k or under, grants of £667 per 2 weeks
- Properties with a rateable value of over £15k and below £51k, grants of £1,000 per 2 weeks
- Properties with a rateable value of £51k or over, grants of £1,500 per 2 weeks