Wyre Council launches further discretionary grant scheme to help businesses affected by coronavirusPublished Wednesday, 03 June 2020
Wyre Council has launched a new grant scheme aimed at small and micro businesses and charities in the borough.
In recognition that some businesses did not benefit from the Small Business Grant Fund and the Retail, Leisure and Hospitality Grant Fund, the Government has made available funds of £1,596,500 to Wyre Council to provide a Discretionary Business Grant scheme.
Only businesses which were trading and in occupation of premises on 11 March 2020 are eligible to apply for funding under this scheme, including:
- Small businesses in shared offices or other flexible workspaces e.g. industrial parks, science parks, incubators etc., which do not have their own business rates assessment;
- Short term holiday lets / B&B’s that pay domestic council tax instead of business rates;
- Locally based charity properties receiving charitable business rate relief that would otherwise be eligible for Small Business Rates Relief or Rural Rate Relief;
- Regular market traders, who live in the Wyre Borough area, who do not have their own business rates assessment with fixed building costs;
- Businesses who have applied for the Coronavirus Job Retention Scheme or the Self-Employed Income Support Scheme are eligible to apply for this scheme.
Your business must, as a minimum, meet all the following criteria in order to be eligible to apply for funding from this scheme;
- The business must have relatively high ongoing fixed property-related costs
- The business must be able to demonstrate a significant fall in income due to the Covid-19 crisis
- The business must have fewer than 50 employees
- The business must have a rateable value of less than £51,000
- The business must have been trading on the 11th March 2020.
Councillor Alan Vincent, Deputy Leader and Resources Portfolio Holder at Wyre Council comments, “We are really pleased to be able to open up our business grant funding to further businesses across the borough. So far we have paid over £26 million in grant funding to local businesses and this new scheme will enable us to further support Wyre’s economy. If you have not been eligible for the grants to date, please do take a look at our website to see if you are able to make an application.”
Businesses can make an application from today up until midnight on 14 June 2020. Grants awarded will depend on overall demand and the situation of each eligible business. It is expected that the vast majority of grants will be for £10,000 or less.
For full details of eligibility and to make an application, visit www.wyre.gov.uk/discretionarygrant