Possible £872,500 lifeline for struggling Worksop businesses

The Local Authority Discretionary Business Grant - first rolled out in May - was designed to help businesses who have so far unsuccessfully applied for other Government funding - such as the small business grant.

During the first round only firms with a rateable value below £51,000 were permitted to apply.

However this has now risen to below £100,000 and thresholds relating to property overheads and loss of income have also changed.

Businesses which typically would be eligible for the discretionary council grant are those employing fewer than 50 staff with relatively high ongoing fixed commercial property-related costs.

Grants of up to £25,000 will be available however eligible businesses should act quickly as the deadline is on a first-come-first-served basis and closes on July 27.

Each application will be individually assessed after the closing date and due to limited funding the council may prioritise businesses ineligible for any other funding support.

Businesses that have already received cash grants or are able to do so from any existing central government Coronavirus-related scheme are ineligible for funding from the discretionary grants fund.

This includes but is not limited to the following schemes:

Small Business Grant Fund Retail, Hospitality and Leisure Grant The Fisheries Response Fund Domestic Seafood Supply Scheme (DSSS). The Zoos Support Fund The Dairy Hardship Fund

More detailed information about eligibility for the Local Authority Discretionary Business Grant and the application form can be found HERE.

A message from the Editor:

Thank you for reading this story on our website. While I have your attention, I also have an important request to make of you.

In order for us to continue to provide high quality and trusted local news on this free-to-read site, I am asking you to also please purchase a copy of our newspaper.

Our journalists are highly trained and our content is independently regulated by IPSO to some of the most rigorous standards in the world. But being your eyes and ears comes at a price. So we need your support more than ever to buy our newspapers during this crisis.

With the coronavirus lockdown having a major impact on many of our local valued advertisers - and consequently the advertising that we receive - we are more reliant than ever on you helping us to provide you with news and information by buying a copy of our newspaper.

Thank you

Nancy Fielder, editor