Guildford Borough Council Discretionary COVID Hardship Scheme for Business
Guildford Borough Council Discretionary COVID Hardship Scheme for Business
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The Council published details of a new scheme on the 8 February 2021. This scheme has been introduced to support businesses who have been severely impacted by Covid-19 since the Lockdown and other restrictions since 5 November 2020, but who have not been eligible for either the LRSG or ARG schemes. The scheme is open for applications from 5pm 8 February 2021 until 6pm 22 February 2021. We aim to make decisions on grant awards by 1 March 2021.
Applicants will need to demonstrate that between 5 November 2020 and 31 January 2021, they have been incurring substantial ongoing fixed business costs and have experienced a fall in turnover of at least 25% in that same period in comparison with 12 months previously. A lower grant may be payable if only the turnover reduction can be demonstrated.
For successful applicants and depending on the volume of applications, grants will be paid in the range as highlighted below
- Rateable Value
- Rateable Value between £15,001 and £51,000 or if no Rateable Value and a small business: a grant range between £6,500 and £10,000
- Rateable Value between £51,001 and £250,000 or if no Rateable Value and a medium business: a grant range between £10,000 and £15,000
Definitions
- A micro business is defined as having between 1 and 9 employees and a maximum turnover not exceeding £632,000
- A small business is defined as having between 10 and 50 employees and turnover between £632,000 and £10.2million
- A medium business is defined as having between 51 and 250 employees and turnover of between £10.2million and £40million
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