Plymouth businesses are now able to apply for the new Restart Grants.
The Restart Grant scheme is designed to help rate-paying non-essential retail, hospitality, accommodation, leisure, personal care and gym businesses reopen safely, as Covid-19 restrictions are lifted.
Non-essential retail businesses will receive the following one-off payment based on their rateable value:
- For properties with a rateable value of £15,000 or under, a grant of £2,667
- For properties with a rateable value over £15,000 and less than £51,000, a grant of £4,000
- For properties with a rateable value of £51,000 or over, a grant of £6,000.
Hospitality, leisure, accommodation, personal care and gym businesses will receive the following one-off payment based on their rateable value:
- For properties with a rateable value of £15,000 or under, a grant of £8,000
- For properties with a rateable value over £15,000 and less than £51,000, a grant of £12,000
- For properties with a rateable value of £51,000 or over, a grant of £18,000.
If a business falls into more than one category, the main service (and therefore grant amount) will be determined by assessing which category constitutes 50 per cent or more of their overall business.
Local businesses are able to apply for their Restart Grant on the Plymouth City Council website. Applications will close on Wednesday 30 June 2021.
The Council is aiming to make grant payments to eligible businesses within two weeks of receiving their application.
Find out more about business grants at investplymouth.co.uk/business-grants.