COVID Business Grants
Published on Friday, 20th November 2020
Following the national lockdown, the Government has provided Nuneaton and Bedworth Borough Council with the funding to be able to provide support to our local businesses.
We are now able to make local restrictions support grant (LRSG) payments to those companies that have been mandated to close.
There will be extra information that will be required from these companies, this information will need to be provided via a simple application form, which will be on our website shortly. The information will include:
- Business Rate payer name
- Hereditament address
- Rate payer email address
- Number of employees
- Unique identifier (Companies House Number)
Local Restrictions Support Grants (LRSG)
Businesses that are eligible under the LRSG scheme will be those that have been mandated to close by Government during the current lockdown period and include non-essential retail, leisure, personal care, sports facilities and hospitality businesses (even if the latter are still open for takeaway).
The value of grants payable under that LRSG scheme are linked to the Rateable Value (RV) for occupied properties and are summarised below:
- RV – £15,000 and below = £1334 per 28-day qualifying restriction period
- RV – above £15,000 and below £51,000 = £2000 per 28-day qualifying restriction period
- RV – £51,000 and above = £3000 per 28-day qualifying restriction period
Additional Restrictions Grant (ASG)
The council's Additional Restrictions Grant (ARG) policy and how to apply will be announced as soon as possible as we are still waiting for final guidance from the Government.
Under the Additional Restrictions Grant, we will receive a one-off lump sum payment to fund additional business support. We envisage this will primarily take the form of discretionary grants to businesses that don’t qualify for help under the LRSG scheme but we could also use this funding for wider business support activities. The aim is to provide appropriate support for the financial years 2020/21 and 2021/22.
- More articles in the news archive