Skip navigation

Gloucestershire Business News

Discretionary grants applications open across Gloucestershire

Businesses across the county can now apply for funding under the Government's business support grant scheme.

Giving priority to businesses not eligible for support under previous schemes, the fund offers discretionary grants up to £25,000.

Cotswold District Council and Forest of Dean District Council have been accepting applications online since June 1 and now Gloucestershire's other authorities are opening up requests for funds.

Gloucester City Council, Stroud District Council, Cheltenham Borough Council and Tewkesbury Borough Council have formally approved the collaborative organisation which is now live.

Discretionary grant funding is primarily aimed at:

  • Small and micro businesses
  • Businesses with relatively high ongoing fixed property-related costs
  • Businesses which can demonstrate they have suffered a significant fall in income due to the COVID-19 crisis
  • Businesses which occupy property, or part of a property, with a rateable value or annual rent or annual mortgage payments below £51,000.

The councils' shared policy allows for some discretion, but the Government has prioritised the following types of businesses:

  • Small businesses in shared offices or other flexible workspaces such as units in industrial parks, science parks and incubators which do not have their own business rates assessment
  • Businesses in the hospitality industry with grants for businesses with a rateable value between £51,000 and £105,000;
  • Regular market traders with fixed building costs, such as rent, who do not have their own business rates assessment
  • Bed & breakfasts 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.

A joint statement from the authorities' finance officers said: "We want to ensure a consistent approach for businesses across our region so that they have clarity and certainty that this money will go to where it is needed most, in line with the guidance provided to us.

"We have limited funds for this scheme so the application window will be limited to a two-week period.''

Applications can be made online via the council websites until June 21 with applications in the Cotswolds and Forest of Dean open until June 14.

Related Articles

GE Aerospace sees orders and profits soar Image

GE Aerospace sees orders and profits soar

GE Aerospace has raised its full-year profit guidance after releasing its first quarter financial results.

Decathlon extends sustainable sport gear scheme Image

Decathlon extends sustainable sport gear scheme

Sports retailer, Decathlon, has expanded its sports gear buyback scheme.

Profits drop 12% for Barclays Image

Profits drop 12% for Barclays

Financial pain as mortgage crisis recoils on lenders.

WH Smith sales growth driven by travel performance Image

WH Smith sales growth driven by travel performance

WH Smith is in its strongest ever position as a global travel retailer, its CEO said today.

Copyright 2024 Moose Partnership Ltd. All rights reserved. Reproduction of any content is strictly forbidden without prior permission.