Businesses set to receive further funds under Government covid Restart Grants
Cornish businesses eligible for the Government’s Restart Grant will begin to receive their payments from Monday 12 April, Cornwall Council has confirmed.
The Restart Grant is a one-off grant to support eligible rate-paying businesses in reopening safely as coronavirus restrictions are lifted. The Council is making payments within a week of receiving the funding from Government.
Where possible, the Council will make automatic payments to eligible businesses – those who have already received a Local Restrictions Support Grant (LRSG) will not need to apply.
Businesses which believe they may be eligible for a payment, but have not applied to the LRSG scheme, can complete an application form available at www.cornwall.gov.uk/BusinessSupportGrant
The Restart Grant will be distributed in two strands based on the rateable value of a business:
- Up to £6,000 for businesses in the non-essential retail sector
- Up to £18,000 for businesses in the hospitality, accommodation, leisure, personal care and gym sector
Additional Restrictions Grant
Cornwall Council has paid out around £14,269,550 to 3,963 businesses under the Additional Restriction Grant scheme.
As announced in the Chancellor’s budget in March, a further £425m of funding will be provided to local authorities to continue to assist those impacted by the coronavirus pandemic but not necessarily forced to shut. Cornwall Council’s allocation is £4,427,419, and they are looking at options to distribute this money as soon as possible. They will update their website with further information as soon as possible.