11 Jan 2021 Last updated at 14:00
New business grants - applications live
Island businesses eligible for government grant support
under the latest national lockdown can now apply via the council’s website.
The application forms and details of the grant help can be accessed via: www.iow.gov.uk/covid19_businessadvice
Under the national lockdown there are rolling payments and
top up grants for eligible ratepaying businesses in certain categories.
Some businesses may also qualify for grant support relating
to the brief period around Christmas when the Island was under Tier 3 and then
Tier 4 restrictions.
There is also support for ‘wet’ led pubs for late December.
In addition, the council is offering government-funded
discretionary grant help to businesses which may fall outside these schemes,
and has created a Winter Business Support Grant scheme.
The grant schemes for which businesses can apply are as
follows:
- Rolling
grant payments (from 5 January 2021) – These are 28 day rolling payments ranging
from £1,334 to £3,000 depending on rateable value for eligible ratepaying
businesses in certain categories (non-essential retail, hospitality
venues, accommodation, leisure and sports facilities, entertainment
venues, animal attractions, indoor attractions at venues, personal care
facilities, community centres and halls).
- One-off
top-up grants (from 5 January 2021) – These range from £4,000 to £9,000 depending
on rateable value, and are for eligible ratepaying businesses in certain
categories (retail, hospitality and leisure sectors), which are legally
required to close under the current lockdown, and which cannot operate
effectively remotely:
- Local Restrictions
Support Grant (LRSG)
– This scheme relates to grants that are available to eligible ratepaying
businesses for the period during the earlier local Tier 3 and Tier 4
restrictions on the Island around Christmas and the new year.
- Winter Business Support
Grant (WBSG)
– The council has created this scheme as an extension of the previous
Additional Restrictions Grant (ARG) scheme, which operated for the
previous November lockdown. This discretionary scheme will support
businesses severely impacted by the lockdown, including those in the
supply chain and not eligible for national lockdown or LRSG support.
- Christmas support
payments for ‘wet’ led pubs - If your pub was in Tier 3
between 2 December 2020 and 29 December 2020 you may be eligible for a one
off payment of £1,000. Island pubs were in Tier 3 from 26 December.
Cabinet member for regeneration and business development,
Councillor Wayne Whittle, said: “I would urge all qualifying Island businesses
to apply for this vital help as quickly as possible, via the council’s website.
“As with all the other government business grants during the
pandemic, our staff have been working tirelessly to ensure these grants are
available to Island businesses as swiftly as possible.
“The application forms are now in place, and we hope to
process payments quickly to help our Island businesses and economy at this very
difficult time.
“We hope these schemes will be able to help many
Island businesses, and have introduced our additional discretionary Winter
Business Support Grant to broaden the range even further.”
Factfile
- Under the national lockdown there are rolling payments and top up grants for eligible ratepaying businesses in certain categories.
- Some businesses may also qualify for grant support relating to the brief period around Christmas when the Island was under Tier 3 and then Tier 4 restrictions.
- In addition, the council is offering government-funded discretionary grant help to businesses which may fall outside these schemes, and has created a Winter Business Support Grant scheme.
- There is also support for 'wet' led pubs for late December.