A number of initiatives to support business during the Coronavirus (COVID-19) outbreak have been put in place by the Government and other agencies. Bromsgrove District Council is working to be able to provide you with this new funding and support locally.
For information and updates on government support please see the Coronavirus Business Support page from the government.
- NEW Help for businesses previously excluded (the Local Authority Discretionary Grant Fund)
- Help for small businesses and the retail, hospitality and leisure sectors
- Help on business rates
- Self-employment Income Support Scheme
- Cultural sector emergency Covid-19 funding package
- Tax helpline for those concerned about paying their tax due to Covid-19
- More Coronavirus information
Help for businesses previously excluded (the Local Authority Discretionary Grant Fund)
The Government has announced some extra funding to be allocated by councils, on a discretionary basis, to businesses that were excluded from the previous grant scheme. It’s called the Local Authority Discretionary Grant Fund.
To be able to allocate this funding we are working on a discretionary scheme that councillors are expected to consider in early June. We know this is a very challenging time, and we are working hard to develop this scheme that will help support businesses in the district.
Details of how to apply for this will be published here once the scheme is agreed.
The Government expects us to gain more assurance in terms of conditions that companies need to meet to be allocated this money. As such, any payments would be expected to be released from mid-June.
We are awaiting further clarification from the Government but their initial guidance states the following overarching criteria for the grants to be allocated to:
- Small businesses in shared offices or other flexible workspaces e.g. units in industrial parks, science parks and incubators which do not have their own business rates assessment
- Regular market traders 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 Rates Relief or Rural Rate Relief
- Businesses that have fixed property-related costs either through a rental agreement or license to occupy the premises
The grants will not be allocated to businesses that have received previous grants or support through the self-employed support scheme.
The total amount the Government is making available to Bromsgrove District businesses in this way is £1m.