A new application window has been set up to support more medium and large businesses.
This grant will be eligible for medium and large businesses (over 20 employees) that have been severely impacted by the pandemic, with a reduction in business income of at least 25% during a period of at least 6 months compared with similar comparable periods of trade and can demonstrate tangible outputs for recovery. Businesses must also not have received a Local Restrictions Support Grant or Additional Restrictions Grant previously.
The application window is open from 10 January 2022 until midnight on 24 January 2022.
Eligibility
To qualify for a grant, businesses must
- be a medium or large business which employs over 20 people
- have been severely financially impacted by the pandemic with a reduction in business income of at least 25% during a period of at least 6 months compared with similar comparable periods of trade
- be able to demonstrate tangible outputs for recovery (capital expenditure is not permitted)
- not have received a Local Restrictions Support Grant or previous Additional Restrictions Grant.
Full details can be found here
Exclusions
Businesses that:
- are in administration, insolvent or where a striking off notice had been made
- have exceeded the UK’s subsidy arrangements
- do not operate from a Bournemouth, Christchurch and Poole premises
- have received a Local Restrictions Support Grant or previous Additional Restrictions Grant.
State aid
The EU State Aid rules no longer apply to subsidies granted in the UK following the end of the transition period. The United Kingdom, however, remains bound by its international commitments, including subsidy obligations set out in the Trade and Cooperation Agreement (TCA) with the EU.
We can still pay out subsidies under previously approved schemes and this includes subsidies related to COVID-19 that have been previously given under the EU State Aid Temporary Framework. Businesses should have made themselves aware of their obligations under Government’s subsidies arrangements before applying to this scheme.