If you run a small or micro business that has been adversely affected by COVID-19 since March, then you could be entitled to a discretionary grant of £25,000, £10,000, or anything from £1000 to £10,000 depending on your business' needs.
Granted, that might not seem very much, but it is primarily to pay for office space, market stalls, and support smaller businesses which haven't been eligible for other help.
To apply, your business must be based in England and have fewer than 50 employees. It must also have fixed building costs like rent, have been trading on 11 March 2020, and obviously been affected by the ongoing lockdown.
From the Gov.uk
website..."You’re potentially eligible if your business:
- is based in England
- has fewer than 50 employees
- has fixed building costs such as rent
- was trading on 11 March 2020
- has been adversely impacted by the coronavirus
We’ve asked local councils to prioritise businesses such as:
- small businesses in shared offices or other flexible workspaces, such as units in industrial parks or incubators
- regular market traders
- bed and breakfasts paying council tax instead of business rates
- charity properties getting charitable business rates relief, which are not eligible for small business rates relief or rural rate relief"
You can still apply if your business is claiming under the Coronavirus Job Retention Scheme or the Self-Employment Income Support Scheme, but your company needs to be paying rental costs, etc.
You can also still apply for coronavirus-related loans if your business is eligible. Find more information on that here: gov.uk/gov…-19
However, if you are receiving funding for any of the schemes below, then you will not be eligible. "You cannot apply if you’re already claiming under another government grant scheme, such as:
- Small Business Grant Fund
- Retail, Hospitality and Leisure Grant
- Fisheries Response Fund
- Domestic Seafood Supply Scheme
- Zoos Support Fund
- Dairy Hardship Fund"
The schemes are run by your local authority (council) rather than the centralised government and are discretionary, and will be prioritised according to their own schemes, so check with the local authority for more details. Read more