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Business Financial Support

Additional Restrictions Grant - Autumn/Winter 2021/22

The Council has been awarded an additional smaller amount of discretionary funding to support businesses in Autumn/Winter 2021/22. This funding can be used to make direct grant awards to those businesses most effected by on-going Covid related downturn in trade and also as a fund to business support activities to boost trade until March 22. 

The Council has agreed three initial actions:

1. A small top-up grant to a small number of active businesses who still face a downturn in trade until the end of the financial year due to Covid and incur some form of on-going business related expenses or fixed overheads. Businesses must be fully operational and meet eligibility requirements. The sectors that we have identified for this additional payment include:

Travel Agents; Group Travel Operators (coach tour organisers, heritage railways, canal boat tours etc.); Nightclubs; English Language Schools, Outward bound/activity centres; Theatres; Cinemas, Attractions with income normally generated in part from group/school travel bookings (e.g. caverns, castle/historic buildings, zoo/farm visitor attractions); Conference venues and hostels accommodating large group books with activity space (excluding bunk houses);  Direct suppliers to the above sectors e.g. conference stand suppliers,  Kennels & Catteries impacted due to lower levels foreign holidays will also be supported.

Level of Grant:

  • Fixed overheads (rent/rates) or operate primarily abroad: £5,000
  • Home Based £2,000

All previous recipients of funding (Mandatory, Discretionary and home-based businesses) within these sectors have been contacted directly to invite them to apply and provide appropriate evidence as required. If you consider your business to operate in one of the above sectors and have not received an e-mail, please contact regeneration@staffsmoorlands.gov.uk

2. The Development of a Christmas Gift Guide and Social Media - to encourage Covid safe shopping in the local High Streets across the district and support independent retailers.

3. A Grant of £5,000 to support Staffordshire Moorlands Small & Medium-sized enterprises to employ an apprentice, where the apprentice has started in 2021/22. This grant will be administered via Staffordshire County Council.

 

The balance of funding is being kept as a contingency in case of further Covid restrictions but if no such additional restrictions are implemented, will be used to boost trade in 2022.

 

 

 


Recovery Loan Scheme

The Recovery Loan Scheme (RLS) provides financial support to businesses across the UK as they recover and grow following the coronavirus pandemic.

You can apply to the scheme if Covid-19 has affected your business. You can use the finance for any legitimate business purpose - including managing cashflow, investment and growth. However, you must be able to afford to take out additional debt finance for these purposes.

https://www.british-business-bank.co.uk/ourpartners/recovery-loan-scheme/

 


Data Matching - National Fraud Initiative 2020/21

High Peak Borough Council are participating in an exercise to promote the proper spending of public money.

We participate in the Cabinet Office's anti-fraud initiative, known as the National Fraud Initiative. For this initiative, we are providing details of Small Business Grant Fund (SBGF), Retail, Hospitality and Leisure Grant Fund (RHLGF), and Local Authority Discretionary Fund (LADF) data so that it can be compared to information provided by other public bodies. This data will primarily be matched to identify possible cases of grant fraud. These exercises, therefore, help promote the best use of public funds.

You do not need to take any action. More information is available on this via our National Fraud Initiative webpage.

 


If you need to contact the council for help and advice during the current situation please Contact Regeneration