by Craig Martin on 2 June, 2020
Businesses in County Durham are being invited to seek financial support following the extension of grants schemes.
Durham County Council is extending the business rates grants schemes it has been administering on behalf of the government during the coronavirus pandemic, and is encouraging companies that were not previously able to access support to apply.
The extended scheme seeks to fill some of the gaps in the original grants schemes through which over 8,500 businesses have received in excess of £95 million of support in line with national eligibility criteria, with an estimated 360 grants totalling £4million still to be paid.
The council has been allocated just under £5million of additional funding and asked to develop a local policy which prioritises:
Small businesses in shared offices or other flexible workspaces;
Regular market traders who do not have their own business rates assessment;
Bed and breakfast operators who pay council tax instead of business rates;
Charity properties in receipt of charitable business rates relief which would otherwise have been eligible for small business rates relief or rural rate relief.
The council’s policy reflects this government guidance. In addition, the council’s policy focuses on providing support to the following areas:
Private nurseries that were not eligible for support under the previous scheme;
Small manufacturing businesses with small retail outlets within the property that sell to the public, but which were not eligible under the previous scheme;
Businesses involved in the supply chain to the retail hospitality and leisure industry (wholesalers) but which were ineligible for support under the previous scheme as they did not retail to the public;
Businesses must be able to demonstrate ongoing fixed property costs and be able to evidence significant loss of income. Businesses which have already received a grant from the council and those accessing other government support are ineligible.
The grants are designed to help micro and small businesses that have been affected by the coronavirus outbreak.
Guidelines around which businesses are eligible for the grant have been set by the government.
One of the key eligibility criteria is that a business must have been occupying a qualifying business premises that was listed in the council’s rating list at 11 March.
Businesses can find out more about the financial support available to them, and apply, by visiting http://www.durham.gov.uk/covid19businessLeave a comment