Extra Support Now Available For Small Businesses
On 31 October 2020, the Government announced that extra funding would be made available to local authorities to enable them to support small businesses outside the scope the existing business grants scheme.
East Suffolk Council has been allocated £4.9 million to fund the Additional Restrictions Grants, and eligible businesses can now apply for grants within this scheme.
The Council has identified 5 areas as priorities at this stage, aimed at businesses which were not eligible for the Local Restrictions Support Grant, in line with the Government’s requirements. These are:
|Business type||Grant amount|
|A||Businesses in shared spaces (businesses that do not currently pay their own business rates but occupy a unit or room in a larger business space)||£500, £1,344, £2,000, or £3,000|
|C||Bed and breakfast businesses||£700|
|D||Businesses that have been severely impacted by Covid-19 restrictions occupying premises on the local rating list||£1,344, £2,000, or £3,000|
|E||Other businesses that have been severely impacted by Covid-19 restrictions||Home based businesses £500 Mobile businesses £350 Other businesses which fall into this category to be determined by panel|
Cllr Craig Rivett, East Suffolk’s Deputy Leader and Cabinet Member for Economic Development, said: “We know it has been exceptionally tough for those businesses which have been ineligible for any grants or funding so far, and right now our main priority is to get this much needed financial help to our small businesses as fast as possible.”
The online form and full details about how to apply with full eligibility criteria can be found at https://www.eastsuffolk.gov.uk/business/covid-19-business-grant-funding/