Applications for the second phase to the Restrictions Discretionary Grant open today (Thursday, February 12) for businesses in Wrexham County Borough.
The grant aims to support qualifying businesses and sole traders, via a £2,000 grant, that have been directly impacted by the extended restrictions in Wales announced by the First Minister last month.
This extended scheme is in addition to the £2,000 grant businesses may have already applied for and received through the first phase of the Restrictions Discretionary Fund, which provided financial support for the months of December 2020 / January 2021.
Applications will open for businesses in Wrexham County Borough around 3pm this afternoon (Thursday 11th February), with a green “apply now” link being added at the bottom of the following web-page.
This grant will look to support eligible businesses that have:
- Been forced to close as a result of the national restrictions put in place.
- The grant will also support businesses that estimate that the extended restrictions put in place will result in at least a 40% reduction in their turnover as compared to an equivalent restriction free trading period prior to 23rd March 2020. Those applicants that started trading after 23rd March 2020 will need to declare (and may be asked to demonstrate) a 40% reduction in turnover for an equivalent trading period since they commenced in business.
Businesses that meet the following criteria may be eligible:
- Business was trading prior to 1st October 2020
- Businesses must be operating in Wales
- Businesses must have one or more of the following
- HMRC Unique Taxpayer Reference (UTR) Number
- VAT Registration Number or a VAT exemption certificate (if applicable)
- Company Registration Number (if applicable)
- Hackney carriage license number or private minicab licence number (if applicable)
- Business has been forced to close or has experienced a drop in turnover of >40% as a direct result of the restrictions introduced in Wales and subsequently extended
- Limited company with a turnover of between £10,000 and £50,000
- Sole traders / partnerships with a turnover less than £85,000
- The business must be your main source of income (>50%)
- Supported businesses must aim to maintain employment for 12 months
- Only one application per business
- Businesses should be actively trading up to the 4th December when the new restrictions were introduced in Wales and may be required to provide evidence to demonstrate this
- Businesses that are eligible for the Restrictions Business Fund NDR Grant are not eligible for this discretionary grant.
- The total amount of Covid-19 support grants (such as Non-Domestic Rates Grants, local Discretionary Fund grants, the Economic Resilience Fund (various rounds) and Self-Employment Income Support Scheme (SEISS), including any further award through this discretionary fund) cannot exceed 80% of an applicant’s turnover for a typical year of trading. Applicants will be asked to provide details of all COVID-19 support grants they have received when completing the application form.
You are not eligible for this grant if:
- You are eligible for, or have received, the Restrictions Business Fund NDR Grant from your Local Authority
- The business generates less than 50% of your income. The business must be your main source of income.
- You are eligible for a ‘top-up’ payment via the extended Freelancer Fund.
- You have been awarded a Welsh Government Children and Communities grant to cover operating losses between September 2020 and March 2021.
- The total amount of Covid-19 support grants you have received (including any further award through this discretionary fund) exceeds 80% of your turnover for a typical year of trading.
Applications for this grant will be dealt with on a first come first served basis.
This may lead to applications not being appraised after they have been submitted if the fund is fully committed.
Applicants will be notified of this by email.