North Warwickshire Borough Council Restart Grants available to businesses this April

The latest business support grants from North Warwickshire Borough Council will be available from the start of April.

The 'Restart Grant' is to come in two strands, the first applying to non-essential retailers and the second to accommodation, leisure, and gym businesses.

Strand one businesses will be eligible for up to £6,000 in a one-off grant, whilst strand two business can receive a single payment of up to £18,000.

Strand One

The Restart Grant scheme is for businesses who occupy commercial premises and who receive a non-domestic rates bill. It is a one-off grant payment. It will replace all existing grants apart from the Additional Restrictions Grant ('ARG').

The following thresholds apply for these businesses:

a. Businesses occupying hereditaments (property) appearing on the local rating list with a rateable value of exactly £15,000 or under on 1 April 2021 will receive a payment of £2,667.

b. Businesses occupying hereditaments appearing on the local rating list with a rateable value over £15,000 and less than £51,000 on 1 April 2021 will receive a payment of £4,000.

c. Businesses occupying hereditaments appearing on the local rating list with a rateable value of exactly £51,000 or over on 1 April 2021 will receive a payment of £6,000.

Strand Two

The Restart Grant will also support hospitality, accommodation, leisure, personal care and gym business premises with one-off grants of up to £18,000 in Strand Two of the Restart Grant.

The following thresholds apply for these businesses:

a. Businesses occupying hereditaments appearing on the local rating list with a rateable value of exactly £15,000 or under on 1 April 2021 will receive a payment of £8,000.

b. Businesses occupying hereditaments appearing on the local rating list with a rateable value over £15,000 and less than £51,000 on 1 April 2021 will receive a payment of £12,000.

c. Businesses occupying hereditaments appearing on the local rating list with a rateable value of exactly £51,000 or over on 1 April 2021 will receive a payment of £18,000.

Businesses will be eligible for this support from 1 April 2021 and local authorities cannot make payments under this scheme before then.

The NWBC website is due to be updated with full details of how to apply.