The Local Restrictions Support Grant (LRSG) supports businesses which had been open as usual but were required to close due to the latest national lockdown restrictions which came into force last Thursday (5 November).
To be eligible businesses must pay business rates for the premises they occupy. Grants will be based on the rateable value of the property and will be paid for the period 5 November to 2 December.
The grants are:
- £1,334 for properties with a rateable value of £15,000 or under
- £2,000 for properties with a rateable value of between £15,000 and £51,000
- £3,000 for properties with a rateable value of £51,000 or over.
The Government is also introducing a new Additional Restrictions Grant (ARG) for businesses not eligible for the LRSG. This will be a discretionary payment for businesses that were not required to close but are severely impacted by the new restrictions.
Eligible businesses must have been open as usual before the new restrictions were imposed and have 49 or fewer employees. The value of grants will mainly be based on the number of employees, but not exclusively:
- up to £1,000 for businesses with 10 or less employees
- up to £1,500 for businesses with 11 to 49 employees.
“I urge businesses to check they are eligible and apply for one or other of these grants to help them survive this second phase of lockdown restrictions," said Cllr Mark Canniford, the council's executive member for business, economy and employment.
"As a council we will do all we can to support our local businesses and will be contacting them to promote the availability of these grants. We're expecting a high volume of applications which we will clear as quickly as possible in date order. We aim to validate claims within 14 days of receiving all the information required."
Grant applications can be made online. More information on both the LRSG and ARG grants, the eligibility criteria and how to apply can be found on the council's website at: www.n-somerset.gov.uk/businesssupportgrant.