»

Torridge businesses urged to apply for newly released Lockdown 2.0 grant funding

Business Support Grants 2nd Round

Businesses across North Devon are being urged to check their eligibility for the government's latest round of coronavirus support grants. 

There are two types of grants available, the first being the Local Restrictions Support Grant (LRSG) and the second being the Additional Restrictions Grant (ARG) and different businesses will be eligible for each one.

The LRSG is available to certain businesses and venues which appear in the rating list and have been be required to close from 5 November to 2 December 2020. For eligible businesses, the amount of LRSG payable is as follows:

  • Businesses occupying properties with a rateable value of £15,000, the grant payment will be £1,334 per 28-day qualifying restriction period
  • Businesses occupying properties with a rateable value of between £15,001 - £50,999, the grant payment will be £2,000 per 28-day qualifying restriction period
  • Businesses occupying properties with a rateable value of £51,000 the grant payment will be £3,000 per 28-day qualifying restriction period

The ARG is available to:

  • Businesses which - while not legally forced to close - are severely impacted by the restrictions put in place to control the spread of Covid-19.
  • Businesses outside the business rates system, which are forced to close.
  • Larger local businesses which are important to the local economy, that feel they would benefit from additional grant money on top of the funding provided to those businesses via the LRSG scheme (State Aid rules apply).

Businesses that have chosen to close but not been required to will not be eligible for either grant.

Leader of Torridge District Council Cllr Ken James said:

"We hope that most business will already have applied for the initial grant schemes announced by the Government. But we are also aware of many other important local businesses that have either not qualified for these or require additional funding. This is another opportunity to get vital funding for your business and we would urge all business owners to check their eligibility and take advantage of the help and support available. We will be doing everything we can to make sure that where businesses qualify, they receive the funding as quickly as possible"

Further Government guidance on qualifying businesses and businesses that are excluded from the scheme can be found below:

LRSG: https://www.gov.uk/guidance/new-national-restrictions-from-5-november 

ARG: https://www.gov.uk/guidance/check-if-youre-eligible-for-the-coronavirus-additional-restrictions-grant

Application forms can be found on Torridge District Council Coronavirus Support pages here https://www.torridge.gov.uk/coronavirus 

20 November 2020