New ‘Coronavirus Restart Grant’ announced
As we start to have some restrictions lifted and with businesses starting to reopen, things are finally starting to look up!
The government has announced the ‘Coronavirus Restart Grant’ to help support businesses through these times so that they can grow and recover from the effects of the pandemic.
This blog post will give you an overview of these new measures.
What is it?
This scheme supports businesses in re-opening safely once the restrictions from the latest lockdown are lifted.
What businesses are eligible and how much funding will they receive?
Businesses in the non-essential retail sector could get a one-off cash grant of up to £6,000 from their local council.
Businesses in the hospitality, accommodation, leisure, personal care, and gym sectors may be entitled to a one-off cash grant of up to £18,000 from their local council.
Is your business eligible?
Your business needs to be:
- Based in England
- In the sectors mentioned above
- Trading on the 1st April 2021
You are not eligible for this grant if:
- It is in administration, insolvent, or is no longer on the Companies House register.
- It has exceeded the permitted subsidy allowance (see link below for more details).
When does this scheme open?
The grants are available from 1st April 2021; however, you can apply in advance.
You can find out more information about the grants and the subsidy allowance here.