Restart Grant

On Wednesday 3 March 2021, as part of the 2021 Budget, the government announced a new Restart Grant to support businesses, which are predominantly reliant on providing in-person services to the general public, to reopen following the current coronavirus national restrictions.

The Restart Grant (RG) will be available from Thursday 1 April 2021 and will replace the Local Restrictions Support Grant. This support will take the form of a one-off grant to be awarded in the financial year 2021-2022.

Unlike previous grant application rounds we are unable to provide a definitive timeline for when we will let businesses know the outcome of their application as Government now requires additional pre-payment checks be carried out using third-party software so we will be reliant on how quickly they can carry out these necessary checks.

We understand the urgency to businesses so we will get payments out to businesses as soon as we are able to but due to pre-payment checking process this is likely to take longer than previous grant application rounds.

Eligibility

  • To qualify for this grant, your business must be within the Bolsover District Council area and:
    predominantly provide in-person services to customers within the following sectors:
    • Non-essential retail; or
    • Hospitality, accommodation, leisure, personal care, gym and sports businesses.
  • occupy a commercial property and registered as liable for business rates on Thursday 1 April 2021,
  • be trading on Thursday 1 April 2021, your business will still be considered trading even if it has been required to close due to government restrictions.
  • has not exceeded subsidy allowance limits (previously known as State Aid)
  • is not in administration, insolvent or has a striking-off notice issued against it.

Grant Awards

Sector  Rateable Value – on Thurs 1 April 2021  
   £15,000 or less £15,001 - £50,099   £51,000 or above
 Non-essential retail  £2,667  £4,000  £6,000
 Hospitality, accommodation, leisure, personal care, and gym and sports businesses  £8,000  £12,000   £18,000

 

Grant awards How to apply?

If your business has already received a LRSG (Closed) grant from Bolsover District Council, you will be contacted shortly. If you have not received previous funding, or do not receive contact from us by 2nd April 2021, please complete the online application form

Application closing date: Wednesday 30 June 2021 and all payments will be made no later than Saturday 31 July 2021.


Subsidy Allowance (previously known as State Aid)

A new domestic subsidy allowance for COVID-19 business support grants took effect on Thursday 4 March 2021, based on the principles set out in Article 3.4 of the Trade and Cooperation Agreement.

The new scheme is covered by three subsidy allowances:

  • Small Amounts of Financial Assistance Allowance – up to 325,000 special drawing rights over any period of three years (subject to exchange rates on the day the subsidy is awarded). For example this equated to £335,000 as at Tuesday 2 March 2021.
  • COVID-19 Business Grant Allowance – up to £1,600,000 and can be combined with the Small Amounts of Financial Assistance Allowance to equal to £1,935,000 (subject to the exact amount applicable under the Small Amounts of Financial Assistance Allowance)
  • 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 schemes may be combined for a potential total allowance of £10,935,000 (taking into account all grants previously received under the COVID-19 business grants schemes and subject to the exact amount applicable under the Small Amounts of Financial Assistance Allowance using the Special Drawing Right calculator).

If you have any doubt as to your position you must seek appropriate advice before applying as the responsibility lies with the business. You will be required to provide relevant evidence and declare you are within these allowances as part of the Restart Grant application process.

 

Tax implications

Grant income received by a business is taxable. The Restart Grant will need to be included as income in the tax return of the business.

Only businesses that make an overall profit once grant income is included will be subject to tax.


Data sharing

We may share or match information provided with other bodies responsible for auditing or administering public funds, or where undertaking a public function to prevent and detect fraud.

We are also working closely with the Department for Business, Energy and Industrial Strategy. Your data will be shared with them.

Documents

No specific documents