In The News
Article Date: 22 March 2021
In order to facilitate the orderly return to work of those businesses who have been unable to trade during the pandemic, HM Government have launched a new policy - Coronavirus Restart Grants.
The grants will be available from 1 April 2021.
The link below sets out the details of the grants.
In summary, the grants are available for businesses
Funding is not available if the business is in administration, insolvent or has been struck off the Companies House register.
Local councils will use their discretion to determine whether businesses meet the eligibility criteria for this grant scheme.
Eligible businesses will be paid:
Grants will be available from 1 April 2021 but businesses can submit an application in advance.
Viewed in isolation these grants seem rather miserly but in the context of business support overall, be it furlough, rate relief, payment of outstanding tax over extended periods and funding support, the grant is a welcome additional top up to the already enormous financial package of support which has been designed to help business get back on its feet.
There are certain to be anomalies but overall this is another helpful measure to restart the UK economy.
Please get in contact with ASE at email@example.com if you would like to discuss this in more detail.
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