Applications open for 'Discretionary Top-Up Fund'
Posted on 29/05/2020
Small and micro businesses within Eastbourne and the Lewes district are now able to submit their details to apply for a grant from the Discretionary top-up fund. The funding is limited and aimed at businesses who were not eligible for the Small Business Grant Fund or Retail, Leisure and Hospitality Fund.
The Government have asked that we prioritise businesses with fixed property-related costs which can demonstrate that they have suffered a significant fall in income due to the COVID-19 pandemic:
- Small businesses in shared offices or other flexible workspaces. Examples could include units in industrial parks, science parks and incubators which do not have their own business rates assessment
- Regular market traders with fixed building costs, such as rent, who do not have their own business rates assessment
- Bed & Breakfasts and Guest Houses which pay Council Tax instead of business rates
- Charity properties in receipt of charitable business rates relief which would otherwise have been eligible for Small Business Rates Relief or Rural Rate Relief.
The amount that eligible businesses may receive is up to £10,000 in exceptional circumstances we pay up to £25,000.
Your business will need to be able to evidence that:
- You are a business which occupies a property, or part of a property, with a rateable value or annual rent or annual mortgage payments below £51,000
- You are a business which can demonstrate that they have suffered a significant fall in income due to the COVID-19 crisis
- You are a business with fewer than 50 employees
- You are a business that was trading on or before 11th March 2020
- You will need to be a small or micro business as defined under the Companies Act 2006
For detailed information about the eligibility criteria please download the document here.