Second round of funding opens for Swindon businesses affected by Covid-19

By Ben Carey on 22 July, 2020

Swindon Borough Council has opened the second round of its Coronavirus Discretionary Grant Fund.

The government-funded cash grant scheme aims to provide additional support to small businesses not eligible under other schemes.

This final round of funding is open to applications from Swindon businesses and will close at 9.00pm on Sunday 26th July.

Businesses, charities, community interest companies and sole traders are encouraged to apply if they meet the eligibility criteria.

In order to qualify, applicants must have fixed property costs, have experienced a loss of income due to Covid-19 and must have been trading on 11th March 2020.

Applicants must not be eligible for the Retail, Hospitality & Leisure and Small Business Grant Funds or be in receipt of a Discretionary Grant from the scheme’s previous round.

This round of funding is open to slightly larger businesses; applicants’ fixed property costs must be between £2,400 and £102,000 (excluding VAT) and if operating from a business property the rateable value assessment must not exceed £102,000.

Eligible properties can include shared workspace, including renting a chair or desk, working from home in a defined space, individual units, outdoor pitches and storage units.

Companies too large to apply for the Retail, Hospitality and Leisure Grant Fund can apply if the rateable value assessment is between £51,000 and £102,000.

There is no restriction on employee numbers for this second round, but all applicants must adhere to the State Aid rules.

All applications will be stringently checked to ensure that recipients are eligible.

Full details can be found on the Swindon Borough Council website.