Sheffield City Council has opened applications for its Coronavirus Business Grants Scheme for a second time
Sheffield City Council has opened applications for its Coronavirus Business Grants Scheme for a second time, giving more businesses who have not received any other support the opportunity to apply for grants between £1000 and £10,000, depending on the size of the business. The eligibility criteria of this scheme will also now be expanded to include businesses with a rental value of up to £25,000 (previously £15,000).
Applications will close at midnight on Friday 31st July.
The Coronavirus Business Grants Scheme has been put in place to provide financial aid to businesses that have relatively high fixed property costs and are not eligible for other Government grants. As with the first round of applications, the scheme will predominately aim to support businesses that would have been eligible for a business rate grant if they had been the named ratepayer on their premises. As well as opening the scheme to businesses with a rental value of up to £25,000, the second round of the scheme will also accept applications from self-employed individuals who have received very little from the Self Employment Scheme (SEIS) as well as meeting all the other criteria. Grants of up to £1,000 will be available.
£3m of Government funding will be used to deliver the scheme, following the distribution of £2.5m to businesses in the first round of applications in June.
The types of businesses eligible for the scheme are as follows:
- With rental values up to £25,000 per year
- Small Businesses who have been severely hit by Covid and have relatively high property costs, including those businesses in the retail, hospitality and leisure supply chain
- Retail, hospitality and leisure businesses who are not the rate payer and who’s commercial rent is up to £51,000 per year
- Local charities that have not been able to apply for the business rate grant up to a rental value of £25,000 per year
- Nurseries with a yearly commercial rent value up to £51,000
- Regular market traders who were not able to apply for a business rate grant.
- Bed and Breakfasts with a food hygiene certificate