You may be eligible for the Local Business Support Grant (Round 3)
To support eligible businesses that are facing challenges under the national lockdown, which was imposed on 5 January 2021, a new £10m fund, the Local Business Support Grant, has been created by the Liverpool City Region Combined Authority.
The Local Business Support Grant is administered by each of the six local authorities that form the Combined Authority, namely Halton, Knowsley, Liverpool, Sefton, St Helens and Wirral.
The grants are aimed at small and microbusinesses that:
- Have been ordered to close (as from 5 January 2021), are not in the business rates system, are based in commercial premises, and not eligible for Local Restrictions Grant (Closed);
- Are supply chain businesses that predominantly supply the hospitality and leisure sectors and are based in commercial premises and haven’t received funding from Round 1 or 2;
- Are self-employed / sole trader / home based business (that work in or supplies the retail, hospitality and leisure sectors) / licensed market trader;
- Are businesses in any sector that can demonstrate a loss of at least 40% in sales/revenue due to Covid-19 (including self-employed / sole trader / home-based businesses). The grant funding aims to help small and micro businesses in any sector that are not eligible for other grant schemes and that are struggling with a loss of sales/revenue in the current financial year due to the coronavirus/COVID-19 pandemic.
To evidence the loss in sales/revenue of at least 40% and to show trading on or before 31 October 2020, a statement from a qualified, independent accountant using the proforma letter template is required.
An initial “window” will open for receipt of applications for the Liverpool City Region Local Business Support Grant will OPEN for applications from 10.00 am on Wednesday 10 February 2021 and CLOSE at 5.00 pm on Friday 26 February 2021.
It is anticipated that demand for the Local Business Support Grants will the grant funds that are available, so businesses are encouraged to apply as soon as possible.
Local councils will work through applications as fast as possible and emails will be sent to businesses advising them when their application has been processed. This could take up to 4 weeks after the application window closes for the Local Business Support Grant (Round 3).
Businesses are advised not to telephone, email or use third parties to ask for updates on their application.
|BUSINESSES IN COMMERCIAL PREMISES A RATEABLE VALUE OR EQUIVALENT ANNUAL RENT VALUE||GRANT VALUES||SELF EMPLOYED, HOME BASED, SOLE TRADER, LICENSED MARKET TRADER |
|RV up to £15K||£6,000|
|RV £15,001 to £51K||£9,000|
|RV Over £51K||£13,500|
Please visit your Local Authority’s website to complete an application or for further information.