Thursday, 4 June 2020

Deadline for applying for the Discretionary Grants Fund – 8th June 2020

The deadline is fast approaching for making an application for the North Somerset Discretionary Grants Fund.  

Businesses can apply before 23:59 on the 8th June 2020. 

Small businesses in North Somerset, which have yet to receive financial support during the coronavirus crisis, can apply for additional funding following an announcement from central Government.
 
A grant of £2.1 million has been awarded to North Somerset Council as part of a new Government Discretionary Grants Fund, and will offer financial support to small businesses that can demonstrate:

they have suffered a significant fall in income because of the Covid-19 pandemic
have fixed property-related costs 
employ fewer than 50 employees

Organisations applying for the fund must have been trading on 11th March, 2020 and not have received any other Government funding. 

Cllr Mark Canniford, Executive Member for Business, Economy and Employment at North Somerset Council, said: “We understand all businesses are finding life extremely hard, but the Government is asking councils to prioritise the following types of businesses: 

small businesses in shared offices or other flexible workspaces
regular market traders who do not have their own business rate assessment
bed and breakfasts (excluding Airbnb) which pay council tax instead of business rates
charity properties that receive charitable business rates relief, which would otherwise have been eligible for small business rates relief or rural rate relief

For more detail please refer to the full guidance for small business grants here: https://www.n-somerset.gov.uk/wp-content/uploads/2020/05/small-business-grants-discretionary-fund-guidance.pdf 


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