Toggle Mobile Menu Visibility
Toggle Search Controls Visibility
Toggle search control visibility
Search Site

Business Financial Support

 

Find what Coronavirus support for employers and the self-employed is available to you via the Governments Support finder. You may be eligible for loans, tax relief and cash grants.

England is now in a national lockdown due to rising cases of Coronavirus. Find out more on the guidance online via gov.uk.


Following the Prime Minister's statement on 22 February we are aiming to pay further grants to businesses that remain mandated to closed for the period 16 Feb 21 to 31 March by 5 March 21 If you have previously received a mandatory grant (Local Restriction Support CLOSED grant for businesses liable for business rates) and your business continues to be forced to close, we will automatically make a further payment to you. You do not need to re-apply.

Grants will cover a 44 day period from 16 February to 31 March, as follows:

  • Businesses on the rating list with a rateable value of £15,000 or under will receive a payment of £2,096. 
  • Businesses on the rating list with a rateable value over £15,000 and less than £51,000 will receive a payment of £3,143 
  • Businesses on the rating list with a rateable value of £51,000 or above, will receive a payment of £4,714 

Hardship Grants

The hardship grant is for businesses impacted by Covid-19 and aimed primarily at firms that were not eligible for help from the mandatory and discretionary schemes.

This one-off grant covers the period from 4 November 2020 to 31 March 2021 and is grouped into four themes:

  • Grant for licenced local taxi drivers who are also resident in High Peak and who have NOT had discretionary grants since November.
  • Grant for home based businesses including those in the arts, cultural and events sectors and self-employed tradespeople, including mobile hairdressers/driving instructors etc who are based in the Borough AND have had a significant fall in income due to Covid AND have on-going business overheads e.g. insurance, licences etc.
  • Grant for essential traders who have a permanent shop or market lease agreement AND who have experienced a significant drop in income due to lower footfall. 
  • Grant for exceptional circumstances for SME businesses who are liable for business rates AND who are at significant risk of failure due to Covid AND closure will involve making ten or more people redundant. 

Please note:  Access to CBILS loan funding will not excluded applicants to hardship grant and should not be taken into consideration when in responding to questions around maximum threshold available for business operation.


January 2021 Business Lockdown Grants

The Closed Business Lockdown Payment (CBLP) 5 Jan-15 Feb 2021 and Local Restrictions Support Grant (LRSG Closed) Addendum: 5 January 2021 onwards are only available to rate-paying businesses who have been mandated to close during the current national lockdown.

If you completed a form and received a payment for the lockdown period 5 Nov to 2 Dec we will automatically pay you the CBLP and LRSG closed grant. Unless your circumstances have changed, you don't need to complete another application form. Businesses eligible for a grant for the period 31 Dec 2020 to 4 Jan 2021 under Tier 4 will also receive an automatic payment.

All automatic payments for the above grants have been processed and paid to businesses week commencing 25 Jan 2021.


Mandatory Local Restrictions Support Grant scheme

The mandatory Local Restrictions Support Scheme is for Businesses who are liable for Business Rates AND are legally required to close during the second national lockdown from 5th November 2020 AND/OR who are in sectors that have not been authorised to open since the first lockdown period (e.g. Nightclubs).

  • From 31 December 2020, the Borough was placed in Tier 4 and from 5 January national lockdown restrictions are in place - businesses required to close by law during these times, that have already applied for the Mandatory Local Restrictions Support Grant, will be automatically be awarded an additional 'LRSG CLOSED' grant payment - no separate application form is required.

Discretionary Local Restriction Support Grant

The Discretionary Local Restrictions Support Scheme is for businesses who incur fixed property costs and were either mandated to close or supply those who were - and is also open to Bed & Breakfast establishments that do not pay Business rates due to having less than 6 bedspaces.  


Christmas Support Payment (CSG) - Wet led Pubs

The Christmas Support Payment grant provides funding to pay one-off grants of £1,000 to wet-led pubs (where Local Authority area are subject to tier 2 or tier 3 restrictions). These grants are for pubs that predominantly serve alcohol rather than provide food and have been severely impacted over the festive season due to temporary local restrictions.

The final date for applications was 28 February 2021 - This grant is now closed.


Business Interruption Loan Scheme

The Coronavirus Business Interruption Loan Scheme (CBILS) is open for applications and can provide facilities of up to £5m for smaller businesses across the UK who are experiencing lost or deferred revenues, leading to disruptions to their cashflow.

CBILS is available through the British Business Bank's 40+ accredited lenders and partners, which are listed on the British Business Bank website.


Data Matching - National Fraud Initiative 2020/21

High Peak Borough Council are participating in an exercise to promote the proper spending of public money.

We participate in the Cabinet Office's anti-fraud initiative, known as the National Fraud Initiative. For this initiative, we are providing details of Small Business Grant Fund (SBGF), Retail, Hospitality and Leisure Grant Fund (RHLGF), and Local Authority Discretionary Fund (LADF) data so that it can be compared to information provided by other public bodies. This data will primarily be matched to identify possible cases of grant fraud. These exercises, therefore, help promote the best use of public funds.

You do not need to take any action. More information is available on this via our National Fraud Initiative wepage.


If you need to contact the council for help and advice during the current situation please Contact Regeneration