UPDATED: The Government recently announced a Restart Grant for small businesses in England, available from April 1.
What is the Restart Grant?
The Restart Grant is a new fund for business owners, helping them through what is hoped will be the final stages of Covid-19 restrictions.
The Restart Grant guidelines have been released on the Government website.
It will replace the monthly Local Restrictions Support Grant (Closed) and Local Restrictions Support Grant (Open) – these both closed at the end of March.
Around 700,000 businesses in England will be eligible for the grant.
Commenting on the Restart Grant, Institute of Directors director general Jonathan Geldart said: “Restart grants and ongoing business rates relief give a cashflow boost to many firms that will struggle to make full productive use of their properties as restrictions linger.”
Mike Cherry, chairman of the Federation of Small Businesses, said it was key that the very smallest businesses get hold of their Restart Grants.
How much will I get?
Non-essential retail will receive up to £6,000 per premises. Gyms, leisure, personal care, accommodation and hospitality businesses will receive up to £18,000.
The sum you’ll receive is based on your rateable value.
- If your rateable value is £15,000 or less, you can claim up to £8,000
- If it’s between £15,000 and £51,000, you can receive up to £12,000
- If your rateable value is over £51,000 then you can claim up to £18,000
Local authorities in England will be given an extra £425m to distribute to businesses that are not eligible for the grant but have still suffered due to Covid-19.
Where can I find my grant?
As with previous Covid-19 grants, you’ll be paid through your local council. We’ve listed the councils whose websites have information on the new grant below.
Where to get your Restart GrantSource: SmallBusiness.co.uk
*This table will be regularly updated as local authorities post Restart Grant webpages
What about businesses in Scotland, Wales and Northern Ireland?
Equivalent funds aren’t available in the devolved nations, though Scotland will be introducing a Restart Grant of its own. There are other grants and funding opportunities for these businesses. Check your Government’s website for more details.
Small Business has teamed up with FundingOptions.com to help you find the right finance for your business. You can find their page here