InvestSK: Local Authority Discretionary Grant Fund

Under the guidance issued to the Council by Government on 13th May 2020, the Local Authority Discretionary Grant Fund is only available to businesses:

That were trading on 11 March 2020 and that are not eligible for the following schemes:

– Small Business Grant Fund

– Retail Hospitality and Leisure Grant

– The Fisheries Response Fund

– Domestic Seafood Supply Scheme (DSSS)

– The Zoos Support Fund

– The Dairy Hardship Fund

Businesses that have applied for the Coronavirus Job Retention Scheme are eligible to apply for this scheme and if your business has furloughed staff, then it will still be eligible to apply for a Discretionary Grant.

Businesses who are eligible for the Self-Employed Income Support Scheme (SEISS) are eligible to apply for this scheme as well.

Companies that are in Administration, are Insolvent or where a Striking-Off Notice has been made are not eligible for funding under this scheme.

The Discretionary Grant Fund is intended to support small and micro businesses that fall into all of the following categories:

– Businesses with less than 50 staff

– Businesses with a turnover of not more than £10.2million and/or a balance sheet not exceeding £5.1 million

– Businesses with relatively high ongoing fixed property-related costs

– Businesses which can demonstrate a significant fall in income due to Covid-19

– Businesses which occupy property with a rateable value or annual rent or annual mortgage payment of below £51,000.

South Kesteven District Council will be unable to provide direct support to individual businesses in the completion of their application form. However, if you have a specific requirement that you need to make us aware of in respect to you being able to complete the form please contact 01476 406430 / 01476 406374