Coronavirus Local Restrictions Support Grant

Coronavirus Local Restrictions Support Grant

Please note this article was published on 1st October 2020 and may be out of date. For the latest information about financial support around Coronavirus, please click here

The Local Restrictions Support Grant (LRSG) supports businesses that have been required to close due to temporary COVID-19 local lockdown restrictions imposed by the UK government.

Lincolnshire has not yet been effected by local lockdown restrictions so businesses will not be eligible for this grant until this changes. Businesses can check if they are eligible for the grant here.

LRSG supports businesses that were open as usual, providing services in person to customers from their business premises, but which were then required to close for at least 3 weeks due to local lockdown restrictions imposed by government.

It is for businesses that pay business rates on their premises. Local councils may at their discretion also provide funding for businesses that don’t pay business rates.

What you will get

If your business is eligible and has a property with a rateable value of less than £51,000, you will receive a cash grant of £1,000 for each 3-week period your business is closed.

If your business is eligible and has a property with a rateable value of £51,000 or above, you will receive a cash grant of £1,500 for each 3-week period your business is closed.

The grant will be extended to cover each additional 3-week period, so if your business is closed for 6 weeks it will receive £2,000 or £3,000, depending on the rateable value of the property.

Grants will be based on the rateable value of the property on the first full day of local lockdown restrictions.

Discretionary funding

You may receive a grant of up to £1,500 at the discretion of your local council if:

– your business is required to close but you do not pay business rates

– if your business is not required to close, but has been severely affected, for example as a result of customer businesses being closed

Your local council will publish details of discretionary funding on their website.

Click here for more information.

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