TSL News:Local Charities Business Support Scheme Now Open
Added: 01/06/2020
Voluntary Action Leeds
Good news for local charities as the government’s
Good news for local charities as the government’s discretionary business support scheme opens for applications today, 1 June.
- it has not received any other coronavirus funding
- it was trading on the 11 March 2020
- it has less than 50 employees
- it occupies all or part of a non-domestic property
- the property has a rateable value of less than £51,000, or your annual rent or mortgage payments are less than £51,000
- it has yearly fixed property costs of £8,000 or more
- it is expecting to lose 25% of revenue between March and September 2020 due to coronavirus
How much you can apply for:
You can apply for a grant to cover 50% of your fixed property costs between 11 March 2020 and 11 September 2020.
The most that anyone will be given is £10,000, the least is £2,000.
How to Apply:
You need to apply using the following online form
- meet the eligibility criteria
- provide evidence of your fixed property costs
- provide evidence of your expected lost revenue