More help for Small and Micro Businesses - the Discretionary Grant Fund
By Peter Dobbs
COVID-19 Business Support Grants: Derbyshire Dales Discretionary Grant Fund
The District Council Emergency Committee agreed at their meeting on Thursday 4th June, a framework for administering the £1.7M fund designed to help small and micro businesses affected by the Covid-19 lockdown. Calculated with a 'one size fits all' approach by governement, the £1.7M is 5% of the figure allocated to Derbyshire Dales to help larger businesses in the initial round of business support. This fund has been undersubscrbed - there do not seem to be enough qualifying businesses in the Dales. In contrast this new fund, aimed at smaller scale operations, council officers believe is likely to be over-subscribed - we are a district with a large number of very small businesses. Unfortunately the £6M unallocated money from the initial funding cannot be made available for this new discretionary grant.
The announcement on the DDDC website is as follows;
Applications to this grant fund are invited from eligible small and micro businesses with relatively high ongoing, fixed property-related costs struggling to survive due to the Coronavirus shut down but unable to access other Government COVID related grant schemes. The available fund is limited and is to help certain small and micro businesses prioritised for support at the national and local level. Please note some types of business are not eligible to apply. Grant levels for successful applications will range between £2,500 and £10,000, with awards of £25,000 in exceptional circumstances. APPLICATIONS TO THE FUND WILL BE ACCEPTED ONLINE FROM MONDAY 8TH JUNE. The deadline is 5.00pm on Monday 22nd June 2020. Before applying businesses should read the detailed guidance which is available here.