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11th November: Stockport Council has opened applications for its Additional Restrictions Grant scheme, allowing businesses that remain negatively affected by the coronavirus pandemic to access further financial support.
The Additional Restrictions Grant supports businesses that are not covered by other grant schemes or where additional funding is needed.
You can apply for the Additional Restrictions Grant if your trading levels continue to be negatively impacted by coronavirus (COVID-19).
The ARG scheme will be regularly reviewed. The Council reserves the right to amend and/or extend the eligibility criteria, at any point to reflect the available funding remaining and / or further government restrictions being imposed. Any revisions will be incorporated into updated guidance held on the Council website.
Should further periods of lockdown occur, then the applications to this grant scheme will be frozen at that point and the grant funding reprioritised to provide support to businesses with commercial premises and ongoing fixed costs (subject to any additional grant funding that may be provided by Government at that time).
The grant scheme will close once all the available ARG funding has been used. Applications will be dealt with in the order they are received and applying does not guarantee that a grant payment will be made.
This is a discretionary grant. You must meet the following criteria:
- your business must occupy commercial premises in Stockport and be responsible for ongoing fixed costs such as a lease or licence; or,
- your business is home based at a Stockport address with significant ongoing fixed operating costs for the business, not including the costs of running your home such as utility bills
How much businesses will receive
Home based businesses with no commercial premises will receive £1,500.
Businesses that have separate commercial premises and a rateable value:
- of up to £15,000 per year will receive £3,000
- between £15,000 and £51,000 per year will receive £5,000
- over £51,000 per year will receive £7,500
Businesses that are not eligible
Businesses are not eligible if they:
- are in administration, are insolvent or where a striking-off notice has been made
- have already received aid to the maximum State Aid threshold
- are not following the requirements of the Public Health (Control of Disease) Act 1984
You also cannot apply if you’re:
- a private hire or hackney carriage driver
- self-employed and are applying for a grant to cover wages. You can apply for the grant to help with ongoing fixed operating costs for your business
You must tell us if your situation changes and you no longer meet the eligibility criteria.
If you have any questions about the grant you can email SKLADGRANTS@stockport.gov.uk.
Grant income received by a business is taxable. Businesses will need to include the Local Restrictions Support Grant as income on their tax return. Only businesses that make an overall profit, including grant income will be subject to tax.
State Aid and Business Grant Subsidy Allowance
Find information about State Aid.
From 4 March 2021, State Aid was replaced by the Business Grant Subsidy Allowance. Subject to these financial limits, businesses will be entitled to receive a grant for each eligible premises.