UPDATE: late on Friday 22 May some changes were made nationally to the Local Government Discretionary Small Business Support Grants scheme. The changes mean that Businesses who are eligible for the Self-Employed Income Support Scheme (SEISS) are now eligible to apply for the Local Authority Discretionary Fund.
The Local Authority Discretionary Grant Fund is now open for applications from eligible businesses
To apply, please complete the online form: https://www.smartsurvey.co.uk/s/KRLSE7/
The application window closes 23:59 Sunday, 31 May 2020.
The Local Authority Discretionary Grant Fund is the second tranche of business support grant money from government to help businesses during the coronavirus pandemic. This money is to enable businesses that were not eligible for the previous round of funding.
The Council of the Isles of Scilly has been asked to distribute £211k of government funding to eligible local businesses. It appears that there may not be enough to meet expectations raised by the previous funding round, but we encourage any businesses which have not previously received government support (and that meet the below eligibility criteria) to apply regardless. This will enable the Council to consider how funds can be best allocated and, if necessary, make a bid to government for further funding.
Eligible businesses will be micro and small enterprises based on the Isles of Scilly with relatively high ongoing fixed property related costs, that can demonstrate a significant impact on earnings arising from COVID-19.
The government’s draft eligibility criteria in the national guidance states that businesses should be:
- small and micro businesses
- with relatively high ongoing fixed property costs
- who can demonstrate a significant fall in income due to COVID 19
- who occupy a whole or part of a property with annual rate-able value, rent or mortgage less than £51,000
- not have received cash grants from any other government COVID related scheme
- be trading prior to 11 March 2020
- not be in administration, insolvent or subject to a striking off notice.
We aim to provide the full eligibility criteria not later than Monday 1 June 2020. We will update as soon as this is confirmed.