Overview Of The Additional Restrictions Grant

 

Impact From Omicron Variant

The Additional Restrictions Grant provides local councils with grant funding for trading businesses that are impacted by coronavirus restrictions and the rise of the Omicron variant.

Funding was first made available in the financial year 2020 to 2021 and can be used across financial years 2020 to 2021 and 2021 to 2022. Local authorities should distribute funding to businesses that require support as quickly as possible.

 

Ability To Obtain The Additional Restrictions Grant

 

What Support Is Provided By Local Councils?

Local councils have the autonomy to determine the criteria as to who will be given these grants. The funding for trading businesses should be for those who have been heavily impacted by the restrictions and the rise of the Omicron variant.

Local councils should support:

  • Allocation of the first Additional Restrictions Grant top-up payment: businesses from all sectors that have been seriously and heavily affected by restrictions but were not eligible for the Local Restriction Support Grant and Closed Business Lockdown Payment.

 

  • The second two Additional Restrictions Grant top-up payments: businesses from all sectors that may have been severely impacted by restrictions but were not eligible for the Restart Grant scheme, and those sectors that remained closed or were severely impacted by extended restrictions, even if those businesses had already been in receipt of Restart Grants.

 

  • Allocation of the third Additional Restrictions Grant top-up payment: businesses seriously impacted by the rise of the Omicron variant.

 

Businesses Not Eligible To Claim From The Fund

You cannot get funding if:

 

  • You have exceeded the permitted subsidy allowance.

You must notify your local council if your situation changes and you no longer meet the eligibility criteria, for example, if you become insolvent.

 

Subsidy Allowance

This scheme is covered by three possible subsidy allowances:

  • Small Amounts of Financial Assistance Allowance: you’re allowed up to £335,000 (subject to exchange rates) in Small Amounts of Financial Assistance over any rolling period of three financial years.

 

  • COVID-19 Business Grant Allowance: under this allowance you’re allowed up to £1,900,000 across all COVID-19 Business Grant schemes.

 

  • COVID-19 Business Grant Special Allowance: if you have reached your limits under the Small Amounts of Financial Assistance Allowance and COVID-19 Business Grant Allowance, you may be able to access a further allowance of funding under these scheme rules of up to £10,000,000 across all COVID-19 Business Grant schemes.

 

Grants under these three allowances can be combined for a potential total allowance of up to £12,235,000.

 

How To Apply For The Grant

 

Where Is Support Provided?

Visit your local council’s website.

Has your business been affected by Omicron?

If your business has been affected by Omicron, Oliver Elliot can help you address your claim and concerns arising from insolvency.

Find out how

What Next?

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Disclaimer: Additional Restrictions Grant

This page: Additional Restrictions Grant is not legal advice and should not be relied upon as such. This article Additional Restrictions Grant is provided for information purposes only. You can contact us on the specific facts of your case to obtain relevant advice via a Free Initial Consultation.