What is it?
The Local Restrictions Support Grant (LRSG) supports businesses in England that are required to close due to local or national restrictions.
Who is it for?
It is for businesses in England that pay business rates on their premise that are required to close due to local or national restrictions.
For example, this could include non-essential retail, personal services or cafes/restaurants that operate primarily as an in-person venue, but which have been forced to close those services and provide a takeaway-only service instead.
Eligible businesses will get one grant for each property liable for business rates.
Local councils may at their discretion also provide funding for businesses that don’t pay business rates.
Devolved Administrations will receive Barnett consequentials which they could use to establish similar schemes, but are not eligible for this scheme.
How does it work?
Business premises forced to close in England can apply to receive grants worth up to £3,000 per month under the Local Restrictions Support Grant. Additionally, £1.1bn is being given to Local Authorities, distributed on the basis of £20 per head, for one-off payments to enable them to support businesses more broadly.
The Businesses required to close will be eligible for the following:
- For properties with a rateable value of £15k or under, grants to be £1,334 per month, or £667 per two weeks;
- For properties with a rateable value of between £15k-£51k grants to be £2,000 per month, or £1,000 per two weeks;
- For properties with a rateable value of £51k or over grants to be £3,000 per month, or £1,500 per two weeks.
What should I do next?
Visit your local council’s website to find out how to apply. You can find the website for your local council here.
Critchleys Clients: If you have specific questions, please contact your Critchleys Accountant directly.
First published 2 November 2020
Last Updated 2 November 2020
2 November 2020
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