Small Businesses in Bassetlaw that have not yet been eligible to receive any form of Government Support Grants must act quickly in order to apply for the latest discretionary grants fund.
The deadline for applications to the Government’s Local Authority Discretionary Grants Fund is Tuesday 30th June, 2020 with a total of £1,177,500 available to eligible small businesses impacted by the Coronavirus Pandemic in Bassetlaw.
Bassetlaw District Council, who is administering the fund, is able to issue grants of between £500 and £10,000 or £25,000 to eligible businesses, but the Council is also urging businesses to check the guidance before applying.
In order to be eligible for the fund, in addition to other criteria, businesses must; have been trading on 11th March 2020; employ fewer than 50 staff; have not received any other form of Government funding; suffered a significant fall in income between 1st April and 31st May; and have relatively high ongoing fixed commercial property-related costs.
Cllr Jo White, Cabinet Member for Regeneration said: “We have received a high number of applications for the Discretionary Grants Fund but we are urging businesses who have not yet applied to check the guidance to see if they are eligible before submitting an application ahead of the deadline.
“There are many small businesses in Bassetlaw who may have fallen through the cracks of other funding schemes and need this vital funding in order to keep their businesses afloat and provide for their families.
“Once the deadline has passed, each application will be assessed by a panel at the Council who will confirm their eligibility and what level of funding they may receive.”
As an example, the types of businesses that may apply include small businesses from any sector that pay business rates and have a rateable value of below £51,000; those in shared offices, units in industrial parks, or other flexible workspaces, for example, nail bars in beauty salons or manufacturing businesses, and businesses that have relatively high ongoing property costs.
Other examples of eligible businesses include regular market traders, bed and breakfasts paying Council Tax instead of business rates or charity properties getting charitable business rates relief, which otherwise would have been eligible for small business rates relief or rural rate relief.
Each application will be individually assessed after the closing date and any successful businesses will receive a grant payment shortly after the assessments have been completed and awards determined.
Applicants of the Coronavirus Job Retention Scheme or the Self Employment Income Support Scheme remain eligible to apply for this scheme. However, due to the limited funding available under this scheme, the Council may prioritise businesses or individuals who have been ineligible for any other funding support.
Businesses that have already received cash grants or are able to do so from any existing central government Coronavirus-related scheme are ineligible for funding from the Discretionary Grants Fund. This includes but is not limited to the following schemes:
- Small Business Grant Fund
- Retail, Hospitality and Leisure Grant
- The Fisheries Response Fund
- Domestic Seafood Supply Scheme (DSSS).
- The Zoos Support Fund
- The Dairy Hardship Fund
More detailed information about eligibility for the Local Authority Discretionary Business Grant and the application form can be found at: www.bassetlaw.gov.uk/discgrant
Last Updated on Wednesday, June 24, 2020