The Coronavirus Discretionary Grant Fund is offering grants of up to £25,000 for eligible businesses
Small and micro-businesses who have fixed property costs, and are not eligible for the Small Business Grant Fund or the Retail, Hospitality and Leisure Grant Fund, may be eligible for the Discretionary Grants Scheme if they have been negatively affected by Coronavirus.
Those businesses that are eligible can apply for a grant of £25,000, £10,000 or any amount under £10,000.
Is my business eligible for the Coronavirus Discretionary Grant Fund?
For a business to be eligible, it needs to have been adversely affected by Coronavirus, must have been trading on 11 March 2020, has fewer than 50 employees, and has fixed building costs such as rent. The discretion about how to prioritise this funding lies with local authorities. Businesses that believe they are eligible should check with their council for details of their scheme as to how to apply may vary council to council. You can find your local council’s website here.
You cannot apply if you are already claiming under another Government grant scheme, including the Small Business Grant Fund or the Retail, Hospitality and Leisure Grant. If you are claiming under the following Government schemes, you also will not be able to claim:
- Dairy Hardship Fund
- Domestic Seafood Supply Scheme
- Fisheries Response Fund
- Zoos Support Fund
You are still eligible if you have applied for the Coronavirus Job Retention Scheme or the Self-Employed Income Support Scheme.
How to apply
Once you have contacted your local council, they will run an application process and decide whether they can offer a grant.
The grant does not have to be paid back, but it will be taxable.
Further information can be found on the Government’s website here.
Get in touch
For advice, assistance and guidance on how we can help protect your business operations and minimise the impact of COVID-19, contact our business advisory team today.
Fill out the form below and one of our advisors will be in touch. Alternatively, please email info@alexander.co.uk or call 0161 832 4841.
