Business Support Grants

There are three grant funding schemes set-up in response to coronavirus, by the government, to offer support for small businesses, and businesses in the retail, hospitality and leisure sectors.

The Small Business Grant Fund (SBGF), the Retail, Hospitality and Leisure Grant Fund (RHLG) and the Discretionary Grant Fund. All schemes are being delivered by Local Authorities.

Small Business Grant Fund

Under the Small Business Grant Fund all eligible businesses in England in receipt of either Small Business Rates Relief (SBRR) or Rural Rates Relief (RRR) in the business rates system will be eligible for a payment of £10,000.

Retail, Hospitality and Leisure Grant Fund

Under the Retail, Hospitality and Leisure Grant eligible businesses in England in receipt of the Expanded Retail Discount (which covers retail, hospitality and leisure) with a rateable value of less than £51,000 will be eligible for cash grants of £10,000 or £25,000 per property.

Businesses with a rateable value of £51,000 or over are not eligible for this scheme.

Discretionary Grant Fund

Small and micro businesses with fixed property costs that are not eligible for the Small Business Grant Fund or the Retail, Hospitality and Leisure Grant Fund may be eligible for the Discretionary Grants Scheme.

You can get a grant of £25,000, £10,000 or any amount under £10,000. Local Authorities will run an application process to decide whether to offer a grant.

You may be eligible if your business:

  • is based in England
  • has relatively high ongoing fixed property-related costs
  • occupies property (or part of a property) with a rateable value or annual mortgage/rent payments below £51,000
  • was trading on 11 March 2020

You will need to show that your business has suffered a significant fall in income due to coronavirus.

Local Authorities will prioritise businesses such as:

  • small businesses in shared offices or other flexible workspaces, such as units in industrial parks or incubators
  • regular market traders
  • bed and breakfasts paying council tax instead of business rates
  • charity properties getting charitable business rates relief, which are not eligible for small business rates relief or rural rate relief

You cannot apply if you’re already claiming under another government grant scheme, such as:

  • Small Business Grant Fund
  • Retail, Hospitality and Leisure Grant
  • Fisheries Response Fund
  • Domestic Seafood Supply Scheme
  • Zoos Support Fund
  • Dairy Hardship Fund

New Anglia Growth Hub Business Resilience and Recovery Scheme

This funding scheme is designed to help qualifying businesses through the pandemic and into economic recovery.

The new scheme will provide grants to support short-term business resilience projects and longer-term recovery and diversification projects.

Typical projects which could be supported through the Business Resilience and Recovery Scheme include:

• Support for the manufacture of products to tackle the coronavirus outbreak
• Support for coronavirus related research and development
• Development of new technology or innovation and productivity improvements
• Short term manufacturing diversification, for example to support production of PPE
• Longer term development for future recovery and diversification
• Identification and mobilisation into new markets

For more information, contact the New Anglia Growth Hub on 0300 333 6536 or email growthhub@newanglia.co.uk

Cambridgeshire & Peterborough Combined Authority (CPCA) Capital Grant Scheme

The Cambridgeshire & Peterborough Combined Authority Capital Grant Scheme provides the opportunity for Small and Medium Enterprises (SMEs), that are registered Limited Companies and in the CPCA area to access a capital subsidy.

In order to apply for this grant, both the applicant and the project must be eligible. These are discretionary grants and each application is judged fairly and on its individual merits.

Eligible projects are those which involve the outright purchase of capital equipment. All applicants must be able to demonstrate how the purchase of grant funded equipment will protect and/or generate new jobs. It is a requirement that at least one new job will be protected or created for every £25,000 (or part thereof) of grant funding.

For grants of £2,000 – £49,999 they will fund up to 80% of the total equipment costs. For grants between £50,000 – £150,000 they will fund up to 50% of the total equipment costs. The total cost of the equipment must be at least £2,600.

The CPCA area includes; Kings Lynn and West Norfolk, Fenland and East Cambridgeshire.

The scheme does not cover revenue expenses; such as consultancy fees, software licenses, salaries etc. However, the costs of delivery and installation by the supplier are eligible. In some cases, building work may be eligible.

Any applicant that cannot reclaim VAT (for example by reason of not being registered for VAT) must ensure that this information is provided in the application form. All grants are paid exclusive of VAT if the applicant is VAT registered. If the applicant is not registered for VAT then the total project costs should include the VAT element, but this cannot be applied retrospectively if the CPCA are not made aware of this in the initial application.

Click here for more information.

Click here to apply.

There are three grant funding schemes set-up in response to coronavirus, by the government, to offer support for small businesses, and businesses in the retail, hospitality and leisure sectors.

The Small Business Grant Fund (SBGF), the Retail, Hospitality and Leisure Grant Fund (RHLG) and the Discretionary Grant Fund. All schemes are being delivered by Local Authorities.

Small Business Grant Fund

Under the Small Business Grant Fund all eligible businesses in England in receipt of either Small Business Rates Relief (SBRR) or Rural Rates Relief (RRR) in the business rates system will be eligible for a payment of £10,000.

Retail, Hospitality and Leisure Grant Fund

Under the Retail, Hospitality and Leisure Grant eligible businesses in England in receipt of the Expanded Retail Discount (which covers retail, hospitality and leisure) with a rateable value of less than £51,000 will be eligible for cash grants of £10,000 or £25,000 per property.

Businesses with a rateable value of £51,000 or over are not eligible for this scheme.

Discretionary Grant Fund

Small and micro businesses with fixed property costs that are not eligible for the Small Business Grant Fund or the Retail, Hospitality and Leisure Grant Fund may be eligible for the Discretionary Grants Scheme.

You can get a grant of £25,000, £10,000 or any amount under £10,000. Local Authorities will run an application process to decide whether to offer a grant.

You may be eligible if your business:

  • is based in England
  • has relatively high ongoing fixed property-related costs
  • occupies property (or part of a property) with a rateable value or annual mortgage/rent payments below £51,000
  • was trading on 11 March 2020

You will need to show that your business has suffered a significant fall in income due to coronavirus.

Local Authorities will prioritise businesses such as:

  • small businesses in shared offices or other flexible workspaces, such as units in industrial parks or incubators
  • regular market traders
  • bed and breakfasts paying council tax instead of business rates
  • charity properties getting charitable business rates relief, which are not eligible for small business rates relief or rural rate relief

You cannot apply if you’re already claiming under another government grant scheme, such as:

  • Small Business Grant Fund
  • Retail, Hospitality and Leisure Grant
  • Fisheries Response Fund
  • Domestic Seafood Supply Scheme
  • Zoos Support Fund
  • Dairy Hardship Fund

New Anglia Growth Hub Business Resilience and Recovery Scheme

This funding scheme is designed to help qualifying businesses through the pandemic and into economic recovery.

The new scheme will provide grants to support short-term business resilience projects and longer-term recovery and diversification projects.

Typical projects which could be supported through the Business Resilience and Recovery Scheme include:

• Support for the manufacture of products to tackle the coronavirus outbreak
• Support for coronavirus related research and development
• Development of new technology or innovation and productivity improvements
• Short term manufacturing diversification, for example to support production of PPE
• Longer term development for future recovery and diversification
• Identification and mobilisation into new markets

For more information, contact the New Anglia Growth Hub on 0300 333 6536 or email growthhub@newanglia.co.uk

Cambridgeshire & Peterborough Combined Authority (CPCA) Capital Grant Scheme

The Cambridgeshire & Peterborough Combined Authority Capital Grant Scheme provides the opportunity for Small and Medium Enterprises (SMEs), that are registered Limited Companies and in the CPCA area to access a capital subsidy.

In order to apply for this grant, both the applicant and the project must be eligible. These are discretionary grants and each application is judged fairly and on its individual merits.

Eligible projects are those which involve the outright purchase of capital equipment. All applicants must be able to demonstrate how the purchase of grant funded equipment will protect and/or generate new jobs. It is a requirement that at least one new job will be protected or created for every £25,000 (or part thereof) of grant funding.

For grants of £2,000 – £49,999 they will fund up to 80% of the total equipment costs. For grants between £50,000 – £150,000 they will fund up to 50% of the total equipment costs. The total cost of the equipment must be at least £2,600.

The CPCA area includes; Kings Lynn and West Norfolk, Fenland and East Cambridgeshire.

The scheme does not cover revenue expenses; such as consultancy fees, software licenses, salaries etc. However, the costs of delivery and installation by the supplier are eligible. In some cases, building work may be eligible.

Any applicant that cannot reclaim VAT (for example by reason of not being registered for VAT) must ensure that this information is provided in the application form. All grants are paid exclusive of VAT if the applicant is VAT registered. If the applicant is not registered for VAT then the total project costs should include the VAT element, but this cannot be applied retrospectively if the CPCA are not made aware of this in the initial application.

Click here for more information.

Click here to apply.

Business Support Grants

Our Offices

King's Lynn

22-26 King Street, King’s Lynn,
Norfolk, PE30 1HJ

T:   01553 774104

F:   01553 692602

E:   enquiries@stephenson-smart.com

Fakenham

10 Oak Street, Fakenham,
Norfolk, NR21 9DY

T:   01328 863318

F:   01328 855732

E:   fakenham@stephenson-smart.com

Wisbech

2 The Crescent, Wisbech,
Cambridgeshire, PE13 1EH

T:   01945 463383

F:   01945 475968

E:   wisbech@stephenson-smart.com

Great Yarmouth

East Coast House, Galahad Road, Beacon Park,
Gorleston, Great Yarmouth, Norfolk, NR31 7RU

T:   01493 382500

F:   01493 651172

E:   greatyarmouth@stephenson-smart.com

Downham Market

1st Floor, 9 Market Place,
Downham Market, Norfolk, PE38 9DG

T:   01366 384121

F:   01366 858083

E:   downhammarket@stephenson-smart.com

March

23 Dartford Road, March,
Cambridgeshire, PE15 8AN

T:   01354 653026

F:   01354 650337

E:   march@stephenson-smart.com

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