Further grant funding for businesses in Babergh and Mid Suffolk has been announced as part of the Government’s Covid-19 support packages which include the recently launched Local Restrictions Support Grant.
The Additional Restrictions Grant is open to businesses who were trading up to and including 4 November, who were instructed to close because of the national lockdown or can demonstrate that they have been significantly financially impacted by the National Coronavirus restriction measures.
The funding available through the grant will range from £1,334 to £3,000, in line with the Local Restrictions Support Grants.
Applications for first round of Additional Restrictions Grant funding must be submitted by Friday 18th December.
Businesses that trade in either Babergh or Mid Suffolk will need to submit evidence that they meet the criteria. This includes a brief statement of the impact of this national lockdown on the business including detail of significant financial impact, current business insurance, confirmation of State Aid compliance as well as comparable evidence of business turnover for the period 1 September – 30 November in both 2019 and 2020.
This funding provided by Government is intended to support businesses impacted by lockdown restrictions as well as to provide business recovery in 2021.
Cllr Michael Holt, Babergh District Council, cabinet member for economic growth said: “This has been an incredibly challenging year for many businesses, and I welcome the provision of funding for the Additional Restrictions Grant. For any businesses who have been financially impacted by these recent lockdowns, I would urge them to review the criteria and apply as soon as possible.”
Cllr Gerard Brewster, Deputy Leader of Mid Suffolk District Council and cabinet member for economic growth said: “Babergh and Mid Suffolk District Councils policy for the Additional Restrictions Grant aims to support as many businesses as possible and will provide some much needed financial support for those impacted by the recent national lockdown.”
The grants will be administered by Babergh and Mid Suffolk District Councils to businesses in the region once they have applied via the councils’ website.