NEW Discretionary Grant about to launch
On Friday 1 May the Government announced that they will be providing Councils with additional funding to enable them to provide financial support to small businesses which don’t qualify for Small Business Fund and Retail Hospitality and Leisure Fund grant payments.
SWT has been given limited funding from the Government to provide this grant and therefore it will be operated on a phased basis and may become oversubscribed quickly.
Once open, SWT will keep the number of applications received under review and will close the scheme at any point, if it feels the number of applications received may use up all of the funds available.
The Government has asked Councils to prioritise four business types. Therefore, the scheme will initially apply to the following types of businesses only;
- Small businesses in shared spaces that are not responsible for the payment of business rates (excludes working from home)
- Regular market traders with fixed property costs, such as rent/licence fees, who do not have their own business rates assessment;
- Bed & Breakfasts which pay Council Tax instead of business rates
- Charity properties in receipt of charitable business rates relief which would otherwise have been eligible for Small Business Rate Relief or Rural Rate Relief.
Further details, and the application form, will be available on the website from 1 June.
Please note: If you have previously applied for the Small Business Grant or Retail, Leisure and Hospitality Grant and were unsuccessful, but wish to apply for this grant, you will be required to submit a new application under this scheme.
For more information, or to submit a grant request, please click here.
The Coronavirus (COVID-19) Advice and Information page of our website also contains the latest links to wider advice, support and guidance for businesses. For more information and to sign up for the newsletter, please visit www.visitsomerset.co.uk/business