Lycored

Update on COVID-19 Grant Funding - 25 August

The government has announced that unclaimed grant funding under the Small Grant and Retail, Hospitality and Leisure Grant schemes must be returned by local authorities to the Treasury by 31 August.

This means that eligible businesses which haven’t claimed yet could lose out. There is currently £1.5bn of £12bn funding unclaimed.

The funding is in the form of a grant and therefore non-repayable. Businesses who meet the eligibility criteria for the schemes do not have been closed during the lockdown period or even adversely affected.

Members who have a business rates liability should check the government eligibility criteria here. even if you do not actually pay business rates due to being relieved under the Small Business Rates Relief scheme.

Click here to visit the Gov.uk website for more information on the Small Business Grant Fund and the Retail, Hospitality and Leisure Grant Fund.

Click here to visit the Gov.uk website for more information on the Local Authority Discretionary Grant Fund.