Government announces Support Grant funding for businesses forced to close through Local Restrictions

People in Southport are being urged to do all they can to bring down cases of Covid-19 / Coronavirus
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Today the Health Secretary announced that there would be extended measures brought into areas including Southport / Sefton and the rest of the Liverpool City Region to further protect our area from the rising cases of Covid-19. 

Matt Hancock MP also announced £7 million of funding to local authorities in these areas to support them with their vital work. More details about this will be available through Sefton Council. 

On 9th September the Government announced that it would provide funding to those businesses that, as part of localised restrictions to control Coronavirus, are required to close.

Last week, it published details of how the scheme will operate with guidance for local councils that will implement the scheme, and for businesses accessing the scheme.

The guidance can be accessed on the GOV.UK website at the links below: 

Guidance for Local Authorities: 

 

https://www.gov.uk/government/publications/coronavirus-covid-19-local-restrictions-support-grant-guidance-for-local-authorities
 

Guidance for Businesses: 

 

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

Local Restrictions Support Grants will provide up to £1,500 per business property to those businesses that are required to close for a significant period of time.

Businesses that occupy a premises with a rateable value of less than £51,000 will receive £1,000.

Businesses that occupy a premises with a rateable value of £51,000 or above will receive £1,500.

ln addition, the Government will provide each Local Authority with a discretionary element of funding to support businesses outside the business rating system that are required to close, as well as other key businesses that are severely impacted by localised restrictions, such as those that normally rely on in-person services but which are unable to offer these services.

Payments will be triggered if business closures last for more than three weeks.

Grants will be paid for each three-week period that business closures are extended.

This funding will be available for businesses that had their first full day of closure on or after the 9th September.

Businesses that are still subject to national closures (such as nightclubs) will not be eligible. Business support through the Local Restrictions Support Grants will complement the package of measures announced by the Chancellor of the Exchequer last week in his Winter Economy Plan.

This package includes: 

  • A new Jobs Support Scheme that, for six months from 1st November, will see Government contribute towards wages of employees across the UK who are working fewer hours than normal due to decreased demand

  • An extension of the Self Employment lncome Support Scheme, which provides a taxable grant to those who are eligible for SEISS and are continuing to actively trade but who face reduced demand due to coronavirusAn extension of the 15% VAT cut for the hospitality and tourism sectors until the end of March 2021

  • Help for businesses in repaying Government-backed loans through a new Pay as you Grow flexible repayment system.

    More information about the Chancellor's Winter Economy Plan can be found on the GOV.UK website, at:

https://www.gov.uk/government/publications/winter-economy-plan