As more sectors of the economy prepare to reopen, Great Yarmouth Borough Council has expanded its local business grants scheme and is reminding companies that guidance about safe operations and other support is still available.
The council has so far handed out around £30m in Government grants to eligible businesses. Grants are still available under both the Government’s original scheme as well as a newer local scheme supporting businesses which were not eligible for the other support but can prove they have suffered hardship due to Covid-19.
The local scheme is aimed at businesses with ongoing fixed property overheads, and businesses are encouraged to check online guidance to see if they could be eligible. Visit www.great-yarmouth.gov.uk/coronavirus-advice-businesses for the link to the application form, eligibility criteria and further business advice. In addition, the council’s business helpline 0808 196 2240 will still be available until July 13, when applications close.
Under the expanded local grants scheme, eligible businesses within the retail, hospitality or tourism sectors can now apply for up to £25,000 if they meet certain criteria. Grants of either £2,000, £5,000 and £10,000 are still available, with one grant award per business/property.
The amount available for charity properties has doubled to £10,000. In addition, home-based businesses can also now apply for a grant if they can demonstrate they have fixed home costs that are attributable to business costs.
Those prioritised for the scheme are small businesses in shared offices and regular market traders who do not have their own business rates assessments, bed and breakfasts which pay council tax instead of business rate and charity properties that are in receipt of charitable business rates relief.
New Anglia Local Enterprise Partnership is also offering a number of grant opportunities for businesses in Norfolk and Suffolk. This includes capital grants of £25,000 to £50,000 to support short-term business resilience projects and longer-term recovery and diversification projects, covering up to 50 per cent of eligible costs, which could include premises, plant and machinery, commercial vehicles, or fixtures and fittings.
The council continues to update its website with the latest guidance and support for businesses, including funding opportunities, application forms and eligibility criteria, plus advice on reopening and operating safely, along with a downloadable pack of useful materials including safety posters.
The council is planning to hold a free webinar on business grant opportunities. To register an interest, or to arrange to speak with the council’s business advisor Paul Gardner, email [email protected] For further business advice, plus guidance on the LEP’s grants, contact the Growth Hub on 0300 333 6536 or visit www.newanglia.co.uk/funding
Cllr Carl Smith, the council leader, and Cllr Trevor Wainwright, the Labour group leader, said: “The further reopening of the economy is very welcome although we know the coming months will continue to be challenging for businesses. We therefore want to ensure that as many local businesses as possible are aware of the opportunities and access the funding and support to which they might be entitled.
“We have already handed out significant Government funding in grants, and we’re really pleased to be in a position to expand the local scheme to provide further support to eligible businesses impacted by Covid-19.
“Our website is a useful starting point for businesses to explore what help might be available and to find advice and guidance to meet their responsibilities around reopening and operating safely.
“Council officers are continuing to check in with businesses in the borough’s busiest tourism and shopping areas, including this weekend, to address any issues or questions, signpost them to further support and offer support packs containing an advice leaflet with essential tips for safe operations, safety posters and floor stickers.”