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New Small Business Grant scheme announced by Government

Published on: 06 May 2020


Following our sustained lobbying of Government, British Marine is pleased to announce the launch of a new Local Authority discretionary fund to accommodate certain small businesses previously outside the scope of the Business Grant Fund Scheme.
At the moment, detail of the scheme is limited, however, what is known is that the grants will be issued to businesses at the discretion of local authorities.
The package is an additional £617m which can be issued in the form of grants up to £25,000.
The announcement says:
“Local authorities may choose to make payments to other businesses based on local economic need. The allocation of funding will be at the discretion of local authorities.
Businesses must be small, under 50 employees, and they must also be able to demonstrate that they have seen a significant drop of income due to COVID-19 restriction measures.”
British Marine believes this new scheme could benefit the many members who do not pay business rates or fall outside of the scope of “leisure” businesses.
If you have not been in a position to benefit from the grants due to non-payment of business rates, then British Marine strongly encourages you to make contact with your local authority.
British Marine is in discussions with the Department for Business, to seek clarity and ask for specific references to our sector to be included in their guidance to local authorities. This is due to be published shortly.