Business grants during COVID-19
There are several grant schemes provided by central government to support businesses during Covid-19 restrictions that the council is administering.
Schemes currently available for applications:
Closed business lockdown payment
This is a one-off top up grant for retail, hospitality and leisure businesses.
Local Restrictions Support Grant (LRSG) (Closed) Addendum: 5 January onwards
This support is for ratepaying businesses forced to close during the period of national lockdown from 5 January 2021. It is available in addition to the one-off Closed Business Lockdown Payment.
LRSG (Closed) Addendum Tier 4
A grant for businesses that pay business rates and have been mandated by government that they must close under Tier 4 local restrictions.
Local Restrictions Support Grant (Open)
This grant is available to businesses with a rateable value in the hospitality, leisure and accommodation sectors that remained open, but were severely impacted by restrictions during the periods of local Tier 2 and Tier 3 restrictions. More information about the Local Restrictions Support Grant Open).
Local Restrictions Support Grant LRSG (Closed)
This support is for ratepaying businesses forced to close during local Tier 2 or Tier 3 restrictions. This grant scheme is available for applications from eligible businesses.
Local Restrictions Support Grant (Sector)
This grant provides financial support to businesses such as nightclubs that were required to close on a national basis since 23 March 2020.
Christmas Support Payment for wet led pubs
A one-off grant of £1000 to support wet-led pubs (pubs that predominantly serve alcohol rather than provide food) and have been severely impacted over the Christmas period due to Tier 2 and Tier 3 local restrictions.
Additional Restrictions Grant (ARG)
This grant scheme is a discretionary fund to help support local businesses until March 2022.
About Covid-19 Business Grants
The EU State aid rules no longer apply to subsidies granted in the UK following the end of the transition period on 31 December 2020 however, local authorities have a duty to comply with the legislation governing these grant payments. The COVID-19 Temporary Framework provisions set out in previous guidance will continue to be applied to these grant schemes until further guidance on subsidy control related to these schemes is issued.
Business grants seminar
This video covers the different grants, both mandatory and discretionary, available to businesses during the Covid-19 pandemic and answers questions posed by members of the local business community.
We are administering 11 different business grants and have already paid out £60m to businesses across Bromley in this unprecedented situation.
We know what a difficult time it has been for local businesses and the local economy and we continue to support businesses at this extremely challenging time. The administration of grants at this level has been an entirely new concept for the public sector and we continue to work with other authorities and partners to share best practice and improve our support for local businesses
Local Authorities are required to collect information from businesses receiving these grant payments and will be expected to account for how the funding has been spent. Your data will be shared with the Department for Business, Energy & Industrial Strategy (BEIS) for research and evaluation purposes who may contact you.
Your information may also be shared with other government or council departments, to prevent, investigate or prosecute criminal offences, or as the law otherwise requires.
Schemes no longer available
Small Business Rate Relief Grant - closed
Retail, Hospitality and Leisure Grant - closed
Local Economy Business Grant - closed