Local Lockdown Business Fund
This is a fund to provide financial assistance for businesses that are facing operational and financial challenges caused by the local restrictions imposed in their local area as a result of COVID-19.
The purpose of the fund is to support businesses with cash flow support to help them survive the economic consequences of the local restrictions put in place in their local area.
Businesses will be eligible to apply for this fund when their local area has been in lockdown for a minimum of 21 days. Applications will be open for businesses in each local area on or shortly after the 28th day of local restrictions having been in place.
Business must be able to demonstrate a drop in turnover greater than 40% as a result of the local lockdown imposed as a result of Covid-19 to be eligible for these grants
The fund consists of two separate grants:
Local Lockdown Non Domestic Rate Grant
This grant is available to businesses liable for paying business rates.
Local Lockdown Discretionary Grant
Applications will be dealt with on a first come first served basis. This may lead to applications not being appraised after they have been submitted if the fund is fully committed.
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