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Vale of White Horse - Covid19 Lockdown 2 Business Support (November 2020)

on Thu, 12/11/2020 - 3:54pm

Business Grants Update from the South & Vale Business Support Team

Businesses in England required to close due to the COVID-19 lockdown may soon be able to receive grant funding to support them.

Local Restrictions Support Grant (Closed Premises)

The LRSG(C) is a mandatory grant for businesses that have a rateable value and have been forced to close due to the 5 November restrictions.

During this period, a single grant to cover the four-week period will be paid to each eligible business. The grant amounts will be fixed. Businesses with more than one qualifying property will receive more than one grant.

The rate of payment for eligible businesses will be:

  •     Properties with a rateable value of £15k or under, grants to be £1,334 per four weeks
  •     Those with a rateable value of over £15k and below £51k, grants to be £2,000 per four weeks
  •     Properties with a rateable value of £51k or over, grants to be £3,000 per four weeks

We will confirm the process for claiming this grant as soon as possible.

Additional Restrictions Grant

Businesses who are eligible for this scheme will need to apply once applications are open.

The scheme is suitable for:

  •     Closed businesses that do not have a rateable value
  •     Business which are severely impacted rather than closed

The scheme is being developed at present, and should launch later this month. We will offer updates through the SVBS website (click) and newsletter once the scheme is available for applications.


Resources for businesses

LAST UPDATED ON 9 NOVEMBER AT 15:12

We understand that some businesses based in South and Vale will be ineligible for the next round of COVID-19 government grants.

To help those who are ineligible, we’ve put together a list of resources and alternative funding streams.

The infographic (click <here>) has resources for those interested in general business support, funding and grants, online events, personal wellbeing, skills and hiring.