Discretionary Business Grant Application Now Open
Posted on: 04/06/20
A new Discretionary Business Grants Fund (DBG) has launched to help those small businesses which were ineligible for the Small Business Grant Fund and suffered a significant fall in income due to the COVID-19 crisis.
If you have not applied for the Small Business Fund or the Retail Hospitality and Leisure Grant Fund then we would urge you to check these schemes first before applying for a DBG grant as the funding pot for DBG is very limited.
If you have already received either of the above grants, or any COVID-19 grant, then you will not be eligible for consideration for the Discretionary Business Grants Fund.
Priority will be given to the following types of businesses:
- Small businesses in shared offices or other flexible workspaces, such as units in industrial parks, science parks and incubators which do not have their own business rates assessment
- Regular market traders with fixed building costs, such as rent, who do not have their own business rates assessment
- Bed and Breakfasts which pay Council Tax instead of business rates
- Charity properties in receipt of charitable business rates relief which would otherwise have been eligible for Small Business Rates Relief or Rural Rate Relief.
Applications from businesses which do not appear on the list above will be considered, but only once DBG grants have been awarded to the priority businesses, so in this instance, it is likely that your application may take longer before a decision can be made and is subject to the availability of funds.
This may unfortunately result in other businesses not being awarded a grant, particularly if the monies for this scheme are spent entirely on awarding those priority businesses first.
There are 3 levels of grant available and the amount of grant awarded will be discretionary and determined by the impact or loss of income that COVID-19 has had on your business. It is anticipated that micro-businesses and those small businesses which are crucial to the local economy will benefit the most from discretionary awards at Level 1.
The City Council discretion is limited and related to the assessment of significant loss of income (length of closure and loss of income) and awarding grants below £10k.
Level 1: Grants of less than £10,000
Level 2: Grants of £10,000
Level 3: Grants of £25,000 (awarded in exceptional circumstances)
Please note that a grant does not need to be repaid and one grant is awarded per business, not per property.
For further information and details on how to apply go to https://www.birmingham.gov.uk/dbg