Coronavirus Grant funding for Business | Adrian Mooy & Co

Of £25,000, £10,000 or any amount under £10,000 for small and micro businesses that are not eligible for other grant schemes. Closed June 2020. See Local Restrictions Support Grant for November 2020 +.

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Kickstart Scheme

For new six-month job placements for 16-24 year-olds

Fisheries Response Fund

Financial assistance for England’s fishing and aquaculture

Domestic Seafood Supply Fund

Launched on 29 April 2020 and closed on 11 May 2020

Zoos Hardship Fund

An animal welfare grant of up to £100,000 for your zoo or aquarium

Dairy Hardship Fund

Farmers who have lost more than 25% of their income

Film & TV Production Restart Scheme

For UK film and TV productions struggling to get insurance for COVID-related costs and help productions back up and running.

Film & TV Production Restart Scheme

Grants for the rest of the UK

Wales:

Welsh Government Business Grants (Grants 1 & 2)
Economic Resilience Fund

Scotland:

Business Support Fund
Newly Self-Employed Hardship Fund
Creative, Tourism & Hospitality Enterprises Hardship Fund
Pivotal Enterprise Resilience Fund
Aquaculture Hardship Fund
Sea Fisheries Hardship Fund

Northern Ireland:

Small Business Support Grant Scheme
Retail, Hospitality, Tourism and Leisure Grant

Restart Grant Scheme

The Restart Grant Scheme supports businesses in reopening safely as COVID-19 restrictions are lifted. Grants are available from 1 April 2021.
Eligible businesses in the non-essential retail sector may be entitled to a one-off cash grant of up to £6,000 from their local council.
Those businesses in the hospitality, accommodation, leisure, personal care and gym sectors may be entitled to a one-off cash grant of up to £18,000 from their local council.

See Restart Grant Scheme opened

Local Restrictions Support Grant

As updated on 5 January 2021:

New grants announced for closures due to the new national lockdown, based on the rateable value of business property:

Grant Rateable Value

£4,000 Up to £15,000

£6,000 £15,001 - £51,000

£9,000 Over £51,000

As updated on 29 October 2020:

For properties with a rateable value of less than £51,000 grants of £1,000 for each three week period that the business is closed.
For properties with a rateable value over £51,000, grants of £1,500 for each three week period that the business is closed.
The grant will be extended to cover each additional 3-week period, so if your business is closed for 6 weeks it will receive £2,000 or £3,000, depending on the rateable value of the property.
If the business does not pay rates, a grant of £1,500 may be payable at the discretion of your local council.

See Local Restrictions Support Grant

Small Business Grant Fund, Rural Rates Relief and Retail, Hospitality and Leisure Grant

Grant Eligibility criteria

£10,000 Any business eligible for Small Business Rates Relief (SBRR) and Rural Rates Relief (RRR)

£10,000 A retail, hospitality and leisure business with a rateable value of up to £15,000

£25,000 A retail, hospitality and leisure business rateable value of over £15,000 and less than £51,000

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

Hereditaments (premises) included in this scheme are those which on the 11 March 2020 were eligible for relief under the business rate Small Business Rate Relief Scheme (including those with a Rateable Value between £12,000 and £15,000 which receive tapered relief) or are eligible to the Expanded Retail Discount and have a rateable value of less than £51,000.

Excluded properties

Hereditaments occupied for personal uses. Examples of where there may be personal use include private stables and loose boxes, beach huts and moorings.
Car parks and parking spaces.
Businesses which as of the 11 March were in liquation or were dissolved.
Hereditaments with a rateable value of over £51,000.

Only one grant may be awarded per hereditament.

See: Small Business Grant Fund and Retail, Hospitality and Leisure Grant Fund Guidance

Discretionary Grant Fund 2 : January 2021

There will be a new £594 million Discretionary Grant Fund available for those businesses who are not eligble for the latest LRSG funding. Details are yet to be published.

Discretionary Grant Fund 1: March to June 2020

A Discretionary Grant Fund for small and micro businesses that are not eligible for other grant schemes.

A grant of £25,000, £10,000 or any amount under £10,000.

A business is potentially eligible if it:

is based in England
has fewer than 50 employees
has fixed building costs such as rent
was trading on 11 March 2020
has been adversely impacted by the coronavirus
are not eligible for the Small Business Grant Fund or the Retail, Hospitality and Leisure Grant Fund.

Priority applications are given to:

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:

Your business is in administration, insolvent or has received a striking-off notice.
If you’re already claiming under another government grant scheme, although you may also claim for the Coronavirus Job Retention Scheme or Self-Employed Income Support Scheme.

How to apply

Go to your local council’s website to find out how to apply. Applications close at 9am on 15 June 2020.

Fisheries Response Fund

£10 million financial assistance for England’s fishing and aquaculture businesses in response to Covid-19 was announced on 17 April 2020. See Fisheries Response Fund
A further announcement on 2 June 2020 is that qualifying businesses will receive a further and final payment under the Fisheries Response Fund.

See Fisheries Response Fund further payment for eligible business.

Domestic Seafood Supply Fund (DSSS)

This was launched on 29 April 2020 and closed on 11 May 2020.

See DSSS scheme

Zoos Hardship Fund

An animal welfare grant of up to £100,000 for your zoo or aquarium affected by coronavirus (COVID-19).

You can apply to the Zoos Support Fund if your zoo or aquarium is based in England and either:

holds a licence (full or dispensation) under the Zoo Licensing Act 1981
has been granted an exemption under the Zoo Licensing Act 1981 and holds a licence under the Animal Welfare (Licensing of Activities Involving Animals) Regulations 2018

See Support for Zoos and Aquariums

Dairy Hardship Fund

Farmers who have lost more than 25% of their income will be able to claim up to £10,000
Eligible farmers will be able to claim for 70% of their losses based on volumes delivered in April and May.

See Defra: New funding to support dairy farmers

Film & TV Production Restart Scheme

The scheme provides £500 million for UK film and TV productions struggling to get insurance for COVID-related costs and help productions back up and running.

Note: The formal commencement of the scheme is conditional upon the European Commission providing State Aid approval.

Registration deadline: 31 December 2020. Claims will be able to be submitted up to 30 November 2021 for losses incurred up until 23:59 GMT on 30 June 2021.

Applications can now be made via the appointed Third Party Administrator, Marsh Commercial.

See HM Treasury: Film & TV Production Restart Scheme - Draft Rules

See HM Treasury: Film & TV Production Restart Scheme - Draft Explanatory Notes

Kickstart Scheme

The government’s ‘Kickstart’ job creation scheme aims to help young unemployed people. It is now open for applications.

Kickstart was announced by the Chancellor in his summer economic update.

The scheme can be used to create new six-month job placements for 16-24 year-olds currently on Universal Credit and at risk of long-term unemployment.

See Kickstart Scheme

FAQs

Are these grants taxable?

The government have confirmed that these grants will be taxable as income. The business can then claim tax relief on the expenditure supported by the grant.
A consultation ‘Taxation of Coronavirus (COVID-19) support payments’ closed in June 2020 on draft legislation which includes measures to tax the grants available, recover payments from businesses not entitled to them and penalise deliberate non-compliance.
See: COVID-19: Taxation of Coronavirus Support Payments

What are the VAT implications?

HMRC have not provided any guidance as to whether the grants will be subject to VAT or count towards turnover for VAT registration limits. Normal principles are expected to apply meaning:

The grants would be outside the scope of VAT and no output VAT should have to be accounted for.
The grant income should be disregarded for VAT registration and deregistration limits.

What about state aid rules?

UK Government grants counts towards state aid.

Payments of £10,000 or less count towards the total de minimis state aid limit over a 3 year period of €200,000.
If you have reached that threshold, you may still be eligible for funding under the COVID-19 Temporary Framework.
Payments of £25,000 count as state aid under the COVID-19 Temporary Framework. The limit for the framework is €800,000.

Fraud

Anti-fraud: any business caught falsifying their records to gain additional grant money will face prosecution and any funding issued will be subject to clawback.

External links

Small Business Grant Fund and Retail, Hospitality and Leisure Grant Fund Guidance