Business support grants: Coronavirus (COVID-19)
Last Updated: 21 November 2023
All grants schemes administered by the Council are closed and reconciliation activity is now underway. As part of this reconciliation activity, you may be contacted about grants your business has received since March 2020.
All grant applications received for the latest grant schemes (Omicron and Additional Restrictions Grants) have now been determined and all eligible fronts have been paid by the end of March 2022.
Previous Grant Schemes (March 2020-March 2022)
In order to keep your records up to date, an overview of all grants schemes administered by the Council since March 2020 have been compiled into one document, to help you track which payments you have received through the various different grant schemes. Please see our COVID-19 Business Grants Overview (PDF 272KB / 3 pages).
We are now undertaking reconciliation processes for all business grants administered by the Council to date on behalf of the Department for Business, Energy and Industrial Strategy (BEIS). We are not able to accept any appeals where previous grants may have been missed, though if you do decide you want to pay the grant back or think you over claimed, please see below on who to contact.
The above information will also help businesses with their tax returns, as all business grants received are subject to tax and should be reported to HMRC as business income.
Subsidy allowance information
Subsidy allowance has now replaced State Aid following the end of the transition period and the UK’s exit from the EU.
The recent grant schemes (Restart Grant, Omicron Grant and Additional Restrictions Grants) are covered by three subsidy allowances:
- Small Amounts of Financial Assistance Allowance: you’re allowed up to £335,000 (subject to exchange rates) over any period of three years
- COVID-19 Business Grant Allowance: you’re allowed up to £1,900,000
- COVID-19 Business Grant Special Allowance: if you have reached your limits under the Small Amounts of Financial Assistance Allowance and COVID-19 Business Grant Allowance, you may be able to access a further allowance of funding under these scheme rules of up to £10,000,000 provided certain conditions are met
Grants under these three allowances can be combined for a potential total allowance of up to £12,235,000 (subject to exchange rates and certain conditions being met).
Further details are available in the Subsidy Allowance overview (PDF 268KB / 5 pages). Alternatively, visit GOV.UK Complying with the UK’s International Obligations on Subsidy Control.
As with previous grant schemes that were subject to State Aid regulations, businesses should keep a record of all business grant income received to date for Subsidy Control purposes. All grants are taxable and should be classed as business income, as per the Government guidelines on all COVID-19 business grants.
To keep your records up to date of all grants schemes that we have administered since March 2020, and help you track which payments you have received through the various different grant schemes, please refer to our Business Grants Overview document (272KB / 3 pages).
Contacts
To report a grant overpayment or a suspected fraudulent business grant claim, please email: businessgrants@southlakeland.gov.uk
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