A number of businesses are required to apply for Top Up Grants of £5,000 and £10,000 and applications are now open.
The Small Business Support Grant Top-Up Scheme provides financial support of up to £5,000 to businesses that received the £10,000 Small Business Support Grant in 2020 and have not been paid more than £5,000 under the Localised Restrictions Support Scheme or Covid Restrictions Business Support Scheme: Part B, subject to some exclusions. The majority of businesses have been automatically assessed for eligibility and do not need to reapply however some businesses must apply. This includes businesses occupying rental premises, businesses which may have moved premises since they received their grant payment in 2020 and businesses whose rate account has been updated since the grant was paid in 2020.
Businesses which started trading after applications for the £10,000 Small Business Support Grant closed in May 2020, which would have been eligible for this grant can apply for the Small Business Support Grant Top-Up.
For more details, to check eligibility and to apply click here.
The Retail, Hospitality, Tourism and Leisure Top-Up Scheme provides financial support of up to £10,000 to businesses that received the £25,000 Retail, Hospitality, Tourism and Leisure Grant in 2020 and have not been paid under the Localised Restrictions Support Scheme or Covid Restrictions Business Support Scheme: Part B, subject to some exclusions. Businesses which received the £25,000 Retail, Hospitality, Tourism and Leisure Grant in 2020 have been automatically assessed for the top up and do not need to reapply unless advised to do so. A number of businesses will need to apply for the Top Up Grant, this includes those that have moved premises or occupy rental premises.
Businesses which started trading after applications for the £25,000 Retail, Hospitality, Tourism and Leisure Grant closed in May 2020, which would have been eligible for this grant, can apply for the Retail, Hospitality, Tourism and Leisure Grant Top-Up.
For more details, to check eligibility and to apply click here.
The deadline for applications is 28 July 2021.
For assistance with these or any other grant scheme contact Stephen McConnell, Business Services Partner Email stephenmcconnell@bakertillymm.co.uk Tel: 028 9032 3466.