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Extra Funding Available

26 November 2020

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Extra support now available for small businesses

East Suffolk Council is now processing the additional restrictions business grants for local businesses provided by the Government in a response to new nationwide restrictions.

On 31 October 2020, the Government announced that extra funding would be made available to local authorities to enable them to support small businesses outside the scope the existing business grants scheme.

East Suffolk Council has been allocated £4.9 million to fund the Additional Restrictions Grants, and eligible businesses can now apply for grants within this scheme.

The Council has identified 5 areas as priorities at this stage, aimed at businesses which were not eligible for the Local Restrictions Support Grant, in line with the Government’s requirements. These are:

 

Business type

Grant amount

A

Businesses in shared spaces

(businesses that do not currently pay their own business rates but occupy a unit or room in a larger business space)

£500, £1,344, £2,000, or £3,000

B

Market traders

£350

C

Bed and breakfast businesses

£700

D

Businesses that have been severely impacted by Covid-19 restrictions occupying premises on the local rating list

£1,344, £2,000, or £3,000

E

Other businesses that have been severely impacted by Covid-19 restrictions

Home based businesses £500

Mobile businesses £350

Other businesses which fall into this category to be determined by panel

Cllr Craig Rivett, East Suffolk’s Deputy Leader and Cabinet Member for Economic Development, said: “We know it has been exceptionally tough for those businesses which have been ineligible for any grants or funding so far, and right now our main priority is to get this much needed financial help to our small businesses as fast as possible.”

The online application form and full details about how to apply with full eligibility criteria can be found here