Business grants during COVID-19
There are grant schemes provided by central government to support businesses during Covid-19 restrictions that the council is administering.
On 21 December 2021, the Chancellor of the Exchequer announced a £1billion fund to support businesses in the hospitality sector as the UK tackles cases of the Omicron variant. .
Schemes currently available for applications
Additional Restrictions Grant (ARG)
The council is currently administering £2.141M of the existing discretionary Additional Restrictions Grant (ARG) funding from central government to help aid the recovery of our local businesses after the COVID-19 pandemic.
A third top-up of this grant of £640,000 has been received and will be allocated to existing ARG schemes based on demand from businesses.
New funding streams are now open for application.
Omicron Hospitality and Leisure Grant (OHLG)
The Omicron Hospitality and Leisure Grant provides support to hospitality, leisure and accommodation businesses, in recognition that the rise of the Omicron variant means that some businesses are likely to struggle over the coming weeks.
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 £1,900,000
- 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 £10,000,000, provided certain conditions are met.
Grants under these three allowances can be combined for a potential total allowance of up to £12,235,000 (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 £90m 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
Business Innovation Grant
Small Business Rate Relief Grant
Retail, Hospitality and Leisure Grant
Local Economy Business Grant
Christmas support payment for wet-led pubs
Grants for independent public houses, bars and licensed social and sports clubs
LRSG (Closed) Addendum
LRSG (Closed) Addendum Tier 4
Closed business lockdown payment
LRSG (Closed) Addendum: 5 January to 31 March 2021
Pavement licence scheme
Special treatment licence scheme
Home based business scheme