Camden Council – Business COVID-19 Update
Reminder: you can still apply for various grants that are available to businesses. Businesses that are not ratepayers can apply for the Additional Restrictions Grant until the 16th of December. For more information and to apply: https://www.camden.gov.uk/financial-support-for-businesses-and-employers1#wccq
Additional Restrictions Grant (ARG) – for businesses severely impacted by restrictions
Businesses that have been severely impacted by restrictions but have not been covered by other schemes may be able to apply for a grant of up to £3,000. We are prioritising businesses linked to the Retail, Hospitality and Leisure sector including those in the supply chain and certain groups of freelance workers. These will be paid as a one-off grant. Payments will usually be paid at the following values except in exceptional circumstances:
- Properties with a rateable or annual rental value of £15,000 or under would receive a grant of £1,334
- Properties with a rateable or annual rental value of between £15,000 and £51,000 would receive a grant of £2,000
- Properties with a rateable or annual rental value over £51,000 would receive grant of £3,000
To qualify for the grant, you must have been trading on the first full day of national or local tier 2 restrictions (5 November 2020). Businesses that are in administration, insolvent or where a striking-off notice has been made, are not eligible.
The Council’s Additional Restrictions Grant scheme is now open for applications until 16 December 2020 at camden.gov.uk/business-support-grants
The Government’s Self-Employment Income Support Scheme has been extended to provide an additional grant for the three-month period covering November 2020 to January 2021.
The grant will cover 80% of average monthly trading profits, paid in a single instalment covering three months of profit up to £7,500. HMRC will provide details of how to claim via gov.uk in the coming weeks. Read more at gov.uk/government/publications/self-employment-income-support-scheme-grant-extension/self-employment-income-support-scheme-grant-extension
Local Restrictions Support Grant (open) – For businesses remaining open but impacted by tier restrictions
This grant scheme is available when an area is in Tier 2 or 3 COVID-alert restrictions. You can find information explaining the Government’s updated COVID alert system and what it means for Camden businesses at gov.uk/guidance/local-restriction-tiers-what-you-need-to-know
The Council’s Local Restrictions Sector Grant (Open) scheme is now open for applications at camden.gov.uk/business-support-grants