Discretionary funding support for Sefton Businesses
Sefton Council has just announced its plans to administer the Discretionary Business Grant Fund as part of the wider government support response to the coronavirus outbreak. This will be a small grants fund to support struggling local businesses who have fixed property costs that can be evidenced by a commercial lease, commercial rent or commercial mortgage agreement.
The process to administer the £2.2m fund will be open towards to the end of the week commencing 8 June and allowing businesses to apply online.
The window to apply for a discretionary grant will be strictly limited, with the process closing once the anticipated funding levels have been met. The grant funding has a government guided eligibility criterion for businesses to check if they are eligible before they apply.
To support the grant process, rigorous checks will be undertaken to ensure businesses meet the firm eligibility criteria. A systematic assessment method will be employed to determine need and funding award levels.
Due to financial constraints and to maximise distribution, grants will be capped with most grants expected to be less than £7,500. The Government has asked local authorities to give priority to groups of small businesses that are ineligible for current support, namely charities in receipt of charity rate relief, B&Bs which pay council tax, businesses in shared workspaces and regular market traders. Of course, other small businesses, not in these highlighted groups, will also be welcome to apply where eligibility is met.
Once the business has completed the online form, applicants will be given 7 days to submit all the required supporting information. The date of application will be the date when all supporting information was received. Businesses will be notified within 2 weeks from this date as to whether their application has been approved.
The application form will be live by Friday 12th June 2020 but the eligibility criteria and FAQs can be viewed here.