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:
Local Restrictions Support Grant (LRSG) (Closed) Addendum: 5 January onwards
This support for ratepaying businesses forced to close during the period of national lockdown from 5 January 2021 can still be claimed for the period 16 February to 31 March 2021 however applications must be submitted by 31 May 2021.
Additional Restrictions Grant (ARG)
This grant scheme is a discretionary fund to help support local businesses until March 2022.
Covid-19 business grants subsidy allowance
The new domestic subsidy allowance for the COVID-19 business support grants took effect on 4 March 2021. Applications made prior to that date are subject to the previous rules. This scheme is covered by 3 subsidy allowances:
- Small amounts of financial assistance allowance – you’re allowed up to £335,000 (subject to exchange rates) over any period of 3 years
- COVID-19 business grant allowance – you’re allowed up to £1,600,000
- COVID-19 business grant special allowance - if you have reached your limits under the small amounts of financial assistance allowance and COVID-19 business grant allowance, you may be able to access a further allowance of funding under these scheme rules of up to £9,000,000, provided certain conditions are met.
Grants under these three allowances can be combined for a potential total allowance of up to £10,935,000 (subject to exchange rates).
Further information can be found in the government’s guidance for each grant scheme
Further information about Covid-19 business grants
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.
We are administering several different business grants and have already paid out £70m 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
Schemes no longer available
Small Business Rate Relief Grant
Retail, Hospitality and Leisure Grant
Local Economy Business Grant
Christmas support payment for wet-led pubs
LRSG (Closed) Addendum
LRSG (Closed) Addendum Tier 4
LRSG (Closed) Addendum: 5 January to 15 February 2021