Published on Thursday, 5th November 2020
Local Restrictions Support Grants (LRSG) and Additional Restrictions Grant.
The Government has recently issued guidance to local authorities concerning further COVID related support grants that will soon be available to businesses in the North Warwickshire area.
Gov.uk business support grant guidance - links to gov.uk
These schemes are designed to support local businesses during the 5 November to 2 December 2020 national lockdown and during periods of local restrictions.
Local Restrictions Support Grants (LRSG)
Businesses that are eligible under the LRSG scheme in North Warwickshire are initially those that have been mandated to close by Government and include non-essential retail, leisure, personal care, sports facilities and hospitality businesses.
The value of grants payable under that LRSG scheme are linked to the Rateable Value (RV) for occupied properties and are summarised below –
RV - £15,000 and below = £1334 per 28-day qualifying restriction period.
RV – above £15,000 and below £51,000 = £2000 per 28-day qualifying restriction period.
RV – £51,000 and above = £3000 per 28-day qualifying restriction period.
Additional Restrictions Grant (ASG)
Under the Additional Restrictions Grant, Local Authorities will receive a one-off lump sum payment to fund additional business support now that widespread national restrictions have been imposed.
We envisage this will primarily take the form of discretionary grants to businesses that don’t qualify for help under the LRSG schemes but we could also use this funding for wider business support activities. The aim is to provide appropriate support for the financial years 2020/21 and 2021/22 and we will publish further details about this scheme in due course
We remain determined to continue to support our local businesses through these difficult times and will endeavour to make payment to all qualifying businesses as soon as we possibly can.
Please continue to check our website and social media for further details and updates in the near future.
For other help available visit our Coronavirus page
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