Home-based business who have had to close or have been impacted due to pandemic restrictions may be eligible for a Home Business Support Grant.
Businesses are only eligible if they do not qualify for other grant schemes, such as as the Local Restrictions Support Grant, Additional Restrictions Grant and Licensed Taxi Drivers' Grant.
Which home-based businesses will benefit?
- Businesses in sectors required to close because they rely on delivering direct in-person services, e.g. close contact services, as set out in the government guidance on the GOV UK website.
- Businesses which supply the retail, hospitality, and leisure sectors, and trade over 50% of their turnover in these sectors
- Businesses in the tourism and events sectors, inc. creative sector workers
They will need to show they:
- Have experienced a significant fall in income as a result of lockdown or Covid-19 restrictions on trading;
- Have fixed, non-salary related, business costs;
- Derived income of more than £7,500 annually from the business prior to Covid-19 restrictions.
For businesses that fully meet the eligibility criteria, grants will be paid out as follows:
- A cash grant of up to £500. If there are more applicants than the funding allows then this will be reduced;
- Where businesses can evidence fixed, non-salary related, business costs above £10,000 per annum a higher level of grant may be paid.
Your business will not be eligible if it:
- Has continued to trade effectively such as accountants, solicitors which can operate remotely.
- Has chosen to close but has not been required to close and should have traded effectively.
- Has reached the state aid limit. The national business support grant counts towards state aid. Payments count towards the total de minimis state aid allowed over a three-year period (€200,000). If you have reached that threshold, you may still be eligible for funding under the COVID-19 Temporary Framework where the limit is €800,000.
- For the avoidance of doubt, businesses that were in administration, are insolvent or where a striking-off notice has been made at the date of the local lockdown are not eligible for funding under this scheme.
Applications will be open until 28 February 2021.
When making an application you will need:
- Your bank details
- Your last tax return or latest set of accounts
- A bank statement or headed paper alternative
- Proof of loss of income
- Evidence that income prior to Covid-19 was greater than £7,500 annually, e.g. tax return or business accounts
- Evidence of fixed, non-salary related, business costs
Any business caught falsifying their records to gain grant money will face prosecution and any funding issued will be subject to claw back.
If you have any questions, please email our Business Grants team.
Please include the name of your business, business postcode, business rates account number (if you have one) and your grants application reference number (if you have one) in your email as this will help us to respond to your question faster.
The Council has launched a free business support programme for Watford businesses providing one-to-one business advice, skills training webinars, workshops and specialist support. The Business Recovery and Growth Programme is available to all Watford businesses to help them adapt and grow. Find out more about the free programme and how to contact.
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