10 Nov Business Grants and Financial assistance – Latest Update from MSDC
National Grant Scheme
This is for businesses who pay business rates who have been closed by the Government during this 2nd national lockdown. You do not have to qualify for discount or reliefs for this grant. Applications now open at www.grantapproval.co.uk
The rate of grant payment for eligible businesses will be:
For properties with a rateable value of £15k or under, grants to be £1,334 per four weeks;
For properties with a rateable value of over £15k and below £51k, grants to be £2,000 per four weeks;
For properties with a rateable value of £51k or over, grants to be £3,000 per four weeks.
Expanded Retail Grant
Please note that businesses and organisations can still apply for Expanded Retail Discount.
This is for any business paying business rates from the leisure, hospitality and retail sector and if you qualify you will get a business rates payment holiday for 2020-21.
If in doubt please do contact us at firstname.lastname@example.org. We would rather you contacted us rather than any business or organisation missing out on any financial help they are entitled to during this very challenging time.
Covid-19 Recovery Grant Fund
Applications are now open for MSDC £300,000 Covid-19 Recovery Grant Fund. Offering grants of £1,000 and £5,000 to local businesses, community groups and voluntary organisations affected by the coronavirus pandemic.
Micro Business Grant criteria remains similar to last year with a slight change giving priority to new applicants in the first instance. The scheme supports growth of micro businesses across the District by offering two types of grant to businesses.
- ‘Project Grant’ which offers a maximum of £2,000 which can be used to support a new project or initiative which will result in business growth
- ‘Apprenticeship Grant’ £1,500 to support the recruitment of an apprentice.
The total grant fund available this year for the scheme is £71,000. To be eligible businesses must be based in Mid Sussex and have fewer than 10 employees (this includes both part-time and full-time staff). For the Project Grants, the business must also be able to commit a minimum contribution of 50% towards the cost of the project (this is not required for the Apprenticeship Grants).
Micro Business Grants; https://www.midsussex.gov.uk/licensing-business/micro-business-grants/