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£3million available for local businesses

Fresh funding is now available to local businesses through a second phase of discretionary business grants administered by South Norfolk and Broadland District Council.

The Additional Restrictions Grant will help hundreds of local businesses in South Norfolk and Broadland that have so far not been able to access any other Covid-19 financial support.

It will also top up the Local Restrictions Support Grant for businesses with 10 or more full-time equivalent employees.

Cabinet Member for South Norfolk Council, Councillor Lisa Neal, said: “The pandemic has had a devastating effect on some of our local businesses, we are doing all we can to ensure that when we come through this, our businesses will be able to continue and thrive.

Cabinet Member for Broadland District Council, Councillor Jo Copplestone, commented: “We are aiming to distribute more than £3m of funds by the end of April 2021 to local businesses and I’d urge any business that needs support to get in touch and find out what funding they may be eligible for.”

The Councils welcome applications from large, small and micro local businesses, whether home based or based in business premises, business rated or not rated, self-employed or employing staff, who have been severely impacted by the pandemic.

More than half of grants are likely to be for £2,000 but in some exceptional cases grants may be as high as £20,000.

To qualify for the Additional Restrictions Grant, businesses must have experienced a loss of income (turnover) of at least 20% or £40,000 and fall into one of the following categories:
1. A rated business that did not qualify for Local Restrictions Support Grant payments during national lockdowns or local restrictions
2. A business that has so far been unable to receive any COVID-19 financial support – including businesses with premises which are not business-rated, or without its own business rating
3. A business that employs 10 or more full-time equivalent employees and wishes to request a top-up to a previous Local Restrictions Support Grant award

Businesses that were required to close by law during the national lockdowns and local restrictions are still able to apply for a Local Restrictions Support Grant. The Councils are now also making one-off Closed Business Lockdown Payments to retail, hospitality and leisure businesses that have been forced to close, up to the value of £9,000.

To find out more and apply for a business grant visit www.south-norfolk.gov.uk/business-support or www.broadland.gov.uk/coronavirus/businesses