St Helens Borough Council is launching Phase 3 of its Discretionary Top Up Scheme tomorrow ( Friday 21 August) to financially support local businesses and organisations that may not have been eligible for initial grant payments during the coronavirus pandemic.
The government scheme, with limited funds delivered on a first come, first served basis, will shortly be open to small or micro businesses with an annual turnover of less than £10.2m – as well as charities that haven’t previously been able to access grant funding relating to Covid-19 and can evidence fixed commercial property overheads. Phase 3 of St Helens Borough Council’s Discretionary Grant Scheme will be split into three categories: Phase 3A – for businesses or charities that currently pay business rates and have a rateable value of more than £51,000 per annum and have not yet received a Covid-related business grant Phase 3B – for businesses or charities that currently pay business rates and have a rateable value of under £51,000 per annum and have not yet received a Covid-related business grant Phase3C – for businesses or charities that do not pay business rates but have an ongoing commercial property cost and have yet to receive a Covid-related business grant Applicants successful under Phase 3A will receive a grant award of £25,000, while applicants successful under Phase 3B and 3C will receive up to £10,000 depending on the number of full-time equivalent (FTE) staff they employ. To date, the council has distributed more than £28m in grants to more than 2,500 local businesses that have met certain criteria – with more than £1.2m paid out during phase one and two of the Discretionary Top Up Scheme to eligible small businesses and charities. Councillor Richard McCauley, St Helens Borough’s Cabinet Member for Regeneration and Housing, said: “This funding and the criteria for it has been designed to help local businesses hard-hit and vulnerable as a result of coronavirus, but fell just short of qualifying for grants under previous schemes, to hopefully secure their long term future, saving many jobs in the process. “Businesses – no matter how big or small in size or turnover – are all of equal importance in our borough so I’d urge those eligible not to miss out on this funding opportunity.” Eligible businesses and organisations can apply for Discretionary Top Up Scheme Phase 3 from 9:00am on Friday 21 August by visiting www.sthelens.gov.uk/discretionarytopup where all the relevant documents and application forms will be available from that date. Applications will be taken up until 5:00pm on Friday 28 August, with grant awards paid by no later than Friday 25 September, 2020. For further details and questions email email@example.com