Covid-hit Exeter businesses urged to apply for grants in new round of funding

Extra funds are available for Covid-hit businesses in Exeter who did not qualify for financial help from the Government.

Businesses in Exeter are being encouraged to apply for a Discretionary Business Grant, aimed at firms who have high on-going fixed property costs.

The grants, launched last month and restricted to four categories, have been extended to include all types of businesses provided they meet set criteria.

Qualifying businesses have until 5pm on Tuesday, July 21, to apply for a grant in the second round of funding.

Exeter City Council (ECC) said qualifying businesses must:

  • Have fewer than 50 employees – this means fewer than 50 employees employed directly within the business premises that the grant claim is being made for.
  • Were trading on March 11, 2020.
  • Are not eligible for cash grants from any central government Covid-related scheme.
  • Are not in administration, insolvent or a striking off notice has been made.

Businesses occupying a property, or part of a property, with a rateable value or annual rent or annual mortgage of £51,000 or more, are eligible to apply providing it also meets the additional eligibility criteria.

The council says higher priority will be given to local independent businesses than national or international chains.

The level of grant awarded will be decided by the information and evidence received through the online application process.

There will be a grant limit of £5,000 awarded to businesses operating from home.

The council said fixed property costs of a firm operating from home will be limited to the proportion of the home dedicated to business use.

Emma Morse, lead Councillor for supporting people at ECC, said: “Through this second round of funding, we want to support those businesses that have not yet benefitted from any grant support.

“To support them through this extremely difficult time, any type of business located in Exeter can now apply for grant funding.

“Some businesses have just re-opened, but some still remain closed.

“We want to support local and regional independent businesses, so a higher priority will be given them over and above national or international chains.”

To find out more, and apply, see Exeter City Council’s website here.

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