Updated Southampton small and micro businesses not eligible for other coronavirus support grant schemes will be able to apply to the Discretionary Grant Fund from next week.
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Once approved, the scheme will be open from Thursday, June 25 until July 1 3, with online submissions to the new Local Authority Discretionary Grant Fund from eligible small and micro businesses.
The Discretionary Grant Fund is primarily aimed at small businesses not eligible for the Small Business Grant or the Retail, Leisure and Hospitality Grant and suffering financial hardship as a result of COVID-19.
Eligible businesses could receive a £5,000, £7,500 or £10,000 grant depending on turnover, number of employees and fixed property costs. Regular market traders could also receive a grant of £1,000. As the funding is limited, the Government has prioritised certain businesses and allowed some discretion for local priorities.
In a statement the council said it would “encourage all small businesses that are eligible to apply, however there is limited funding which will be allocated and prioritised”.
Businesses will be able to check their eligibility and apply for this grant on this council web page.
More information about the fund and which companies will be eligible is available in the Appendix to the Council Paper that will be discussed by the council at a meeting on June 24.
Updated 25/6/2020 with corrected end date for applications and updated link to council website