If your business has been adversely affected by the latest lockdown restrictions, you may be able to apply for help from the Strategic Framework Business Fund.

Key points:

  • Up to £3,000 per month if your business is forced to close
  • Up to £2,100 per month if your business has been legally required to modify its operations
  • Administered by local authorities
  • Based on rateable value – only businesses with premises are eligible
  • Business must have active since March 2020

Businesses which have had to close

If you had to close your business due to lockdown rules, then you can apply to your local authority for support via the Business Temporary Closure Fund. Similar to the support provided earlier in the year, this will be based on the rateable value of your premises: 

Rateable value up to £51,000 £2,000 grant
Rateable value £51,001 or more £3,000 grant

Businesses which have had to modify operations

If there has been a legal requirement placed upon your business, ie, to reduce hours, then an application can be made to the Business Restrictions Fund for support. Again, this us based on the RV of your premises:

Rateable value up to £51,000 £1,400 grant
Rateable value £51,001 or more £2,100 grant

Eligibility criteria

  • The business must have a dedicated business bank account (you will be required to provide the account details as part of the application process and this is the account your grant will be paid into if successful).
  • The business was trading on 02 November 2020 (including businesses who were required to close due to coronavirus (COVID-19) restrictions).
  • Your business must have been actively operating before the 17th March 2020, where necessary local authorities may request additional evidence to determine eligibility
  • Business premises are registered for Non-Domestic rates (if you pay rates through your landlord rather than directly to a Council, you are still eligible to apply but must provide evidence of this arrangement through a copy of your lease agreement).
  • The business has not breached wider coronavirus (COVID-19) regulations/requirements prior to the Strategic Framework restrictions being implemented on 02 November 2020.
  • The business is not connected to a tax haven, as set out in the Coronavirus (Scotland) (No. 2) Act 2020.
  • Businesses operating from a single location, must be based within the local authority area that they submit an application to.
  • Businesses with multiple premises must be headquartered within the local authority that they submit an application to.
  • If your business is headquartered outwith Scotland you can select which Local Authority you can submit your application to. Please note you can only apply to one Local Authority.

Multiple premises

If your business operates multiple premises you can apply for grants for each premise. All premises can be included in one application to the Local Authority area in which your business is headquartered.

Please note you can only apply to one Local Authority for all your businesses premises.

  • Business Temporary Closure Fund – An upper limit of £15,000 in total will apply to any eligible business operating multiple premises.
  • Business Restrictions Fund – An upper limit of £10,500 in total will apply to any eligible business operating multiple premises.

In all cases, you need to ensure that your business qualifies for relief. This will depend on the protection level your business is operating in. You can check here

If you’ve any questions at all, or would like us to check out your calculations, please contact us straight away. We’re here to help you, even if you aren’t yet an Acumenica client.