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- About the BID
13 July 2020
Round 2 of the Coronavirus Discretionary Grant Fund is now open to Swindon businesses and will close at 9pm on Sunday 26th July. This will be the final round of this Grant Fund so businesses, charities, community interest companies and sole traders are encouraged to apply if they meet the eligibility criteria.
Applicants must have fixed property costs, have experienced a loss of income due to COVID19 and must have been trading on the 11th March 2020.
Applicants must not be eligible for the Retail, Hospitality & Leisure and Small Business Grant Funds or be in receipt of a Discretionary Grant from round 1.
Round 2 is open to now open to slightly larger businesses, so applicants’ fixed property costs must be between £2,400 and £102,000 (excluding VAT) and if operating from a business property the rateable value assessment must not exceed £102,000.
Eligible properties can include shared workspace (including renting a chair or desk), working from home in a defined space, individual units, outdoor pitches and storage units.
Companies too large to apply for the Retail, Hospitality and Leisure Grant Fund can apply if the rateable value assessment is between £51,000 and £102,000.
There is no restriction on employee numbers for round 2, but all applicants must adhere to the State Aid rules (information is within the guidance).
All applications will be stringently checked to ensure that recipients are eligible.
Full criteria and guidance can be found here https://bit.ly/32ae3uN
To apply for the Discretionary Grant please click here https://www.swindon.gov.uk/xfp/form/760 after reading the guidance:
Round 1 of the Coronavirus Discretionary Grant Fund has closed. Applications have been assessed and we are currently notifying the successful applicants. As stated in the guidance and criteria document, eligible applications were assessed on their loss of income, fixed property costs and the number of employees as demonstrated by the applicant. Grants have been awarded ranging between £10,000 and £3,000. A few applicants will be asked for more information to enable an assessment to take place.
Small business grants and retail, hospitality and leisure grants are still open. Further information is available on the Small Business Grant Fund and Retail, Hospitality and Leisure Grant Fund webpage.