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The government has announced a new grant scheme that will support businesses in the non-essential retail, hospitality, leisure, personal care and accommodation sectors with a one-off grant, to reopen safely as COVID-19 restrictions are lifted.

The Restart Grant scheme will support businesses in reopening safely as COVID-19 restrictions are lifted in the coming months.

Eligible businesses in the non-essential retail sector may be entitled to a one-off cash grant of up to £6,000 from their local council, while eligible businesses in the hospitality, accommodation, leisure, personal care and gym sectors could be entitled to a one-off cash grant of up to £18,000.

Eligibility

Your business may be eligible if it is:

  • based in England
  • rate-paying
  • in the non-essential retail, hospitality, accommodation, leisure, personal care or gym sectors
  • trading on 1 April 2021

Businesses excluded from the fund

You cannot get funding if your business:

  • is in administration, insolvent or has been struck off the Companies House register
  • has exceeded the permitted subsidy allowance (see below)

Subsidy allowance

This scheme is covered by three subsidy allowances:

  • Small Amounts of Financial Assistance Allowance – you’re allowed up to £335,000 (subject to exchange rates) over any period of three years
  • COVID-19 Business Grant Allowance – you’re allowed up to £1,600,000
  • COVID-19 Business Grant Special Allowance - if you have reached your limits under the Small Amounts of Financial Assistance Allowance and COVID-19 Business Grant Allowance, you may be able to access a further allowance of funding under these scheme rules of up to £9,000,000, provided certain conditions are met

How to apply

If you meet the eligibility criteria, visit your local council’s website to find out how to apply.

Local councils will use their discretion to determine whether businesses meet the eligibility criteria for this grant scheme.

Grants will be available from 1 April 2021, but applications can be submitted prior.

Ashleigh Smith
Article by Ashleigh Smith
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