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Torridge Discretionary Business Grants Fund

Business Meeting

In response to the Coronavirus, COVID-19, the government announced there would be support for small businesses, and businesses in the retail, hospitality and leisure sectors, delivered through the Small Business Grant Fund and the Retail, Leisure and Hospitality Grant Fund.

This additional fund is aimed at small and micro businesses who were not eligible for the Small Business Grant Fund or the Retail, Leisure and Hospitality Fund.

Torridge District Council has received around £1.3m from Central Government to use for grants to support small local businesses with grants being awarded according to need and circumstance up to a maximum of £25K. Not every business will be eligible for this funding and the criteria for determining and processing applications will adhere to the government guidance issued on 13 May 2020.

 
  • Eligibility

You will be 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

Local authorities have been requested by Central Government to prioritise the following types of businesses for grants from within this funding pot:

  • Small businesses in shared offices or other flexible workspaces. Examples could include units in industrial parks, science parks and incubators which do not have their own business rates assessment;

  • Regular market traders with fixed building costs, such as rent, who do not have their own business rates assessment;

  • Bed & Breakfasts which pay Council Tax instead of business rates; and

  • Charity properties in receipt of charitable business rates relief which would otherwise have been eligible for Small Business Rates Relief or Rural Rate Relief.

In addition across Northern Devon (North Devon and Torridge Districts) we will also be prioritising funding for:

  • Manufacturing

  • Food and drink

  • Creative industries including digital

  • Businesses who operate in, or whose main or sole customer base is those in retail, hospitality or leisure

 
  • Who cannot apply?

You cannot apply if you're already claiming funding from 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

You're still eligible if you've applied for the Coronavirus Job Retention Scheme or the Self-Employed Income Support Scheme.

Businesses that apply for the Discretionary Grant Scheme can still apply for coronavirus-related loans if they're eligible.

If you already get state aid (see our Applicant Guidance document for further details)

The Discretionary Grants Fund counts towards state aid.

Payments of £10,000 or less count towards the total De Minimis state aid you're allowed to get over a 3 year period - €200,000. If you have reached that threshold, you may still be eligible for funding under the COVID-19 Temporary Framework.

Payments of £25,000 count as state aid under the COVID-19 Temporary Framework. The limit for the framework is €800,000.

Your local council will ask you to complete a declaration confirming that:

  • you will not exceed the relevant state aid threshold
  • you were not an 'undertaking in difficulty' on 31 December 2019. This applies only to the COVID-19 Temporary Framework
 
  • If I am turned down for grant, can I appeal?

The Council's decision on whether to offer a grant is final and there is regrettably no opportunity to appeal.

 
  • How can I apply?

Applications for funding will open on 1st June 2020 and close on 5th July 2020.

Please click Discretionary Grant Application Page to start you're online application. We would recommend that you first download and read the Applicant Guidance notes here pdf icon TDC Discretionary Grants Fund - Applicant Guidance Notes [241kb] and below.

Please note you cannot save this application and return to it. Therefore in order to submit your application you will need to be able to provide the following supporting documents in a format you can upload, otherwise you will not be able to complete the online application process.

1. Bank Statements for February - May 2020 to show evidence of trading income - this account needs to be the payment account used by the trading business (i.e. it does not have to be a business account if self employed)

2. Latest Set of Accounts (if applicable to your business) or Latest HMRC Self-Assessment

3. Other documents which you feel may support your application such as a cash flow forecast

4. Bank Details - You will need to complete your bank details in order that any payments can be made and this includes: Bank Name, Sort Code, Account Number, and confirmation whether this is a personal or business account.

 

In addition you will also need to provide where applicable the following: (This will be used for verification purposes / due diligence checks).

  • UTR (Unique Tax Reference) number if self employed - Company Number (if applicable)

  • Charity Number (if applicable)

  • VAT number (if applicable)

  • Business Rates Account Number (if applicable)

  • Council Tax Reference Number (if applicable)

  • If employing staff you will need to be able to provide the following:  Number of employees and Number of employees that are currently furloughed (this does not affect eligibility for the grant).

 

You will also need to be able to provide the following financial information:

Confirmation of the fixed property expenses that the business incurs (monthly average - if annual costs divide by 12 months).

  • Rent / Tolls (service charges) / Mortgage

  • Water / Sewerage

  • Gas / Electric

  • Telephone / Broadband

  • Business Insurance

  • Trade Waste

  • Others - please specify any additional fixed cost and the average monthly amount

Confirmation of your average monthly income prior to April 2020 and average income since April 2020. If there is any reduction an indication whether this is directly as a result of COVID19.

For further information and guidance please read this guide pdf icon TDC Discretionary Grants Fund - Applicant Guidance Notes [241kb] or email customer.services@torridge.gov.uk or call 01237 428700

01 June 2020