(2 Minute Read)
Up to £18,000 for your business to re-open!
What is it?
The Restart Grant Scheme has been designed to help businesses re-open safely through COVID-19, and opened on the 1st April 2021.
Eligible businesses in the non-essential retail sector could be entitled to £6,000.
Businesses in the hospitality, leisure, gym, and personal care sectors could be entitled to £18,000
How much is it for?
Local Councils will use their discretion when determining whether a business meets the eligibility criteria for the Restart Grant Scheme.
Eligible businesses will be paid:
- A one-off grant of up to £6,000 in the non-essential retail sector
- A one-off grant of up to £18,000 in hospitality, leisure, personal care and gym sectors.
- The amount you received will be based on your rate band.
For a rateable value of up to £15,000 you will be entitled to £2,667 for non-essential retail or £8,000 for hospitality, leisure, personal care and gyms.
For a rateable value of over £15,000 and under £51,000, you will be entitled to £4,000 for non-essential retail or £12,000 for hospitality, leisure, personal care and gyms.
For a rateable value of £51,000 or over, you will be entitled to £6,000 for non-essential retail or £18,000 for hospitality, leisure, personal care and gyms.
Am I eligible?
Your business may be eligible if it:
- Is based in England
- Is rate-paying
- Is in the non-essential retail sector
- Was trading on the 1st April 2021
Your business may be excluded if:
- It is in administration or insolvency or has been struck off the Companies House Register
- It has exceeded the permitted subsidy allowance
You must notify the local council if you stop being eligible.
How do I apply?
You must apply through your local council. You can use the local council finder tool to find your local council.
To apply you will need the following information:
- Name of business
- Business Trading Address including postcode
- Unique identifier (Company Reference Number, VAT Registration Number, National Insurance Number, or Unique Taxpayer Reference)
- High-level SIC Code
- Nature of Business
- Date business established
- Number of employees
- Business rate account number (if applicable)
- The cumulative total of previous funding received under all COVID-19 business grants schemes
Kind regards Ilyas