Coronavirus: New business grant schemes explained

I hope you are all well and safe.

Following the introduction of more restrictions to slow the spread of Covid-19 in October and November, the UK Government announced four new grant schemes for businesses in England. Guidance on eligibility and grant rates for these schemes was published on 3 November 2020.

Like the business support grants made available in England between March and August 2020, these grant schemes are funded by Government and operated by local authorities. Eligibility for the first three grants is based on the business rates system and the ‘tier’ system of local restrictions. Eligibility for the Additional Restrictions Grant is at the discretion of local authorities.

The schemes

The new grant schemes are

  • Local Restrictions Support Grant (Open)
  • Local Restrictions Support Grant (Sector)
  • Local Restrictions Support Grant (Closed), which also features an ‘addendum’ following the reimposition of England-wide restrictions as of 5 November 2000
  • Additional Restrictions Grant

Further explanation about the new schemes can be found here: https://commonslibrary.parliament.uk/coronavirus-new-business-grant-schemes-explained/?utm_source=twitter&utm_medium=social&utm_campaign=cl-topical_general-171120

Thank you.

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