GYBC announces new discretionary grant fund
Great Yarmouth Borough Council is inviting applications for grants from small businesses impacted by Covid-19, which were not eligible for the Government’s previous grants scheme or other support.
The council has already handed out Government grants to local businesses under the national scheme. Additional Government funding of just over £1.7m is now allowing the council to support even more local businesses during these challenging times.
Using national guidelines, local authorities were asked to develop their own policies and criteria on administration of this additional funding. Eligible businesses can apply for grants of either £2,000, £5,000 or £10,000, with one grant award per business.
Those that will be prioritised for the scheme are small businesses in shared offices and regular market traders who do not have their own business rates assessments, bed and breakfasts which pay Council Tax instead of business rate and charity properties that are in receipt of charitable business rates relief.
Businesses must have been trading on 11 March 2020 to be eligible for this scheme and must be able to provide evidence of a significant fall in income resulting from Covid-19. The scheme is aimed at businesses that have ongoing fixed property overheads.
Full information can be found at this link https://www.great-yarmouth.gov.uk/media/5420/Discretionary-Business-Grants-Fund/pdf/Discretionary_Business_Grants_Fund_01Jun20.pdf
Click here for the link to the online form, information and support about the grants, eligibility criteria and further business advice. For advice relating to the grants, call 0808 196 2240.