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Torridge Discretionary Business Grants Fund - Final Round

Grants

In response to the Coronavirus, COVID-19, the government announced there would be support for small businesses, and businesses in the retail, hospitality and leisure sectors, delivered through the Small Business Grant Fund and the Retail, Leisure and Hospitality Grant Fund.

This additional fund is aimed at small and medium sized businesses who were not eligible for the Small Business Grant Fund or the Retail, Leisure and Hospitality Fund.

Torridge District Council has received around £1.3m from central government to use for grants to support small local businesses. The council are now extending this scheme and opening another round of funding. This scheme has now been extended to 4pm on the 14th August and will continue to support the following types of businesses who operate out of Torridge and who have not benefited from any of the grants below* (also see who cannot apply section).

ELIGIBILITY

You're eligible if your business:

  • is based in England
  • has fixed building costs such as rent
  • was trading on 11 March 2020
  • has been adversely impacted by the coronavirus

The size of Companies that can apply in this round has been extended to those with 0 - 250 employees (previously only 0-50) providing they operate in the priority sectors.

 
PRIORITY SECTORS 

You can apply for a grant if you can demonstrate that you have incurred a loss to the business as a result of COVID19, have fixed costs and operate in one of the following sectors:

  • Manufacturing

  • Businesses who operate in, or whose main or sole customer base is those in retail, hospitality or leisure (this includes businesses such as hair and beauty industry and those working in the fitness industry that have not been able to trade).

  • Taxi drivers (self employed).

  • Construction businesses who are registered for VAT (construction businesses can include those which provide the following services):

  • preparing the site, e.g. laying foundations and providing access works

  • demolition and dismantling

  • building work

  • alterations, repairs and decorating

  • installing systems for heating, lighting, power, water and ventilation

  • cleaning the inside of buildings after construction work

 
EXCEPTIONS
  • architecture and surveying
  • scaffolding hire (with no labour)
  • carpet fitting
  • making materials used in construction including plant and machinery
  • delivering materials
  • work on construction sites that's clearly not construction, eg running a canteen or site facilities
 
WHO CANNOT APPLY?

You cannot apply if your business:

  • is in administration, insolvent or has received a striking-off notice

If you're already claiming funding - *You cannot apply if you're already claiming under another government grant scheme, such as:

  • Small Business Grant Fund
  • Retail, Hospitality and Leisure Grant
  • Fisheries Response Fund
  • Domestic Seafood Supply Scheme
  • Zoos Support Fund
  • Dairy Hardship Fund

You're still eligible if you've applied for the Coronavirus Job Retention Scheme or the Self-Employed Income Support Scheme.

Businesses that apply for the Discretionary Grant Scheme can still apply for coronavirus-related loans if they're eligible.

If you already get state aid (see our Applicant Guidance document for further details)

The Discretionary Grants Fund counts towards state aid.

Payments of £10,000 or less count towards the total De Minimis state aid you're allowed to get over a 3 year period - €200,000. If you have reached that threshold, you may still be eligible for funding under the COVID-19 Temporary Framework.

Payments of £25,000 count as state aid under the COVID-19 Temporary Framework. The limit for the framework is €800,000.

Your local council will ask you to complete a declaration confirming that:

  • you will not exceed the relevant state aid threshold
  • you were not an 'undertaking in difficulty' on 31 December 2019. This applies only to the COVID-19 Temporary Framework

If I am turned down for grant, can I appeal?

The Council's decision on whether to offer a grant is final and there is no opportunity to appeal.

 

HOW CAN I APPLY

Please click here Discretionary Grant Application Page to start your online Application Form, we would recommend you read the Applicant Guidance notes in the text on this page in full first before completing this. Further notes and guidance below.

Please note you cannot save this application and return to it. Before completing this application you will need to be able to upload the following support documents so will need to have these available otherwise you will not be able to complete the online application process. If you do not provide all the evidence required we will not be able to process your application and it will be rejected.

1. Bank Statements for February - May 2020 to show evidence of trading income - this account needs to be the payment account used by the trading business (i.e. it does not have to be a business account if self employed. Must show name of account holder, and if possible address. Not screenshots from phone.

2. Latest Set of Accounts (if applicable to your business) or Latest HMRC Self-Assessment

3. Other documents (which you feel may support your application such as a cash flow forecast) If the costs you are claiming for are not shown in your accounts or on your tax return you must provide further documentary evidence, either a bank statement with entries highlighted for any costs claimed, or where this is not possible an invoice supporting the figure used.

4. Bank Details - You will need to complete your bank details in order that any payments can be made and this includes:

Bank Name, Sort Code, Account Number, confirm whether it is a personal or business account.

Please note you must be able to provide confirmation of the figures you wish to use in your application and provide evidence that supports these figures.  All costs must relate solely to the business and be paid either from a business account or an account in the applicant's name - if invoices include both business and domestic costs, then these should be apportioned in accordance with the guidance from HMRC and a copy of the calculations provided.

 

In addition you will also need to provide where applicable the following: (This will be used for verification purposes / due diligence checks).

  • UTR (Unique Tax Reference) number if self employed -Company Number (if applicable)

  • Charity Number (if applicable)

  • VAT number (if applicable)

  • Business Rates Account Number (if applicable)

  • Council Tax Reference Number (if applicable)

 

If employing staff you will need to be able to provide the following:

  • Number of employees

  • Number of employees that are currently furloughed (this does not affect eligibility for the grant).

 

You will also need to be able to provide the following financial information:

Confirmation of the monthly fixed property expenses that the business incurs (monthly average - if annual costs divide by 12 months).

  • Rent / Tolls (service charges) / Mortgage

  • Water / Sewerage

  • Gas / Electric

  • Telephone / Broadband

  • Business Insurance

  • Trade Waste

  • Others - please specify the fixed cost and the average monthly amount

 

Confirmation of your average monthly income prior to April 2020 and average income since April 2020. If there is any reduction whether this is directly as a result of COVID19.

22 July 2020