8. East Devon business update
In the budget on the 3 March 2021 the Chancellor announced confirmation of the Restart Grants for businesses that were forced to close during the latest lockdown.
Restart grants are a one-off cash grant to help businesses with re-opening and getting back on their feet following the lockdown. The Restart Grant scheme will replace the monthly Local Restrictions Support Grant (Closed) and Local Restrictions Support Grant (Open) which are both now closed. The grants available will be determined by the sector your business is in and the RV rate. These are as follows:
Up to and Exactly £15k = £2,667
Over £15k and less than £51k = £4,000
Exactly £51k and over = £6,000
Hospitality, accommodation, leisure, personal care and gym business
Up to and Exactly £15k = £8,000
Over £15k and less than £51k = £12,000
Exactly £51k and over = £18,000
East Devon is currently working on our scheme to be able to pay these to businesses via an on-line form. Please keep an eye on our website for confirmation on when this will be going live in April. This scheme will come to an end on 21 June 2021.
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