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Business Financial Support

Additional Restrictions Grant 

On 16 June 2021, the Government issued an amendment to the Additional Restriction Grant (ARG) guidance following the four-week extension to the Governments roadmap. This allowed Local Authorities to support  businesses that remained closed or have been severely affected by this four-week extension, please see list below.

Businesses will not need to make an application, payments will be allocated based on previous grant applications data.

Businesses who will be supported

  • Nightclubs
  • Theatres
  • Travel Agents
  • Bridal Shops
  • Businesses whose sole trade relies on the wedding industry e.g. venue dressers which only dress wedding venues, and not any other venues/events

Rateable Value of premises

Grant amount

Rateable Value 15,000 and under

£1334

Rateable Value 15,001 to 50,999

£2000

Rateable Value 51,000 and over

£3000


The Mandatory Local Restriction Support Grant between November 2020 and March 2021

The LRSG supported businesses  liable for Business Rates where they were legally required to close during the above period.

This scheme closed on 31st March 2021


Restart Grants - From April 2021

The Chancellor announced on 3rd March 2021 that the Government would be launching a Restart Grant - a one-off grant available to business who are liable for business rates and who operate in the personal care, hospitality, leisure, gym & sport, retail and accommodation sector.

This scheme closed on 30th June 2021


Hardship Grants - currently closed

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 Staffordshire Moorlands 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 District 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. 

This scheme closed on 31st March 2021 - this may reopen in due course depending on funding.


Discretionary Local Restriction Support Grant - currently closed

The Discretionary Local Restrictions Support Scheme is for businesses who incur fixed property costs and were either mandated to close (but not liable for Business Rates) or supply those sectors that were closed.

This scheme closed on 31st March 2021 - this may reopen in due course depending on funding.


Recovery Loan Scheme

The Recovery Loan Scheme (RLS) provides financial support to businesses across the UK as they recover and grow following the coronavirus pandemic.

You can apply to the scheme if Covid-19 has affected your business. You can use the finance for any legitimate business purpose - including managing cashflow, investment and growth. However, you must be able to afford to take out additional debt finance for these purposes.

https://www.british-business-bank.co.uk/ourpartners/recovery-loan-scheme/

 


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 webpage.


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