A support package could be available for retailers that have had to close due to lockdown restrictions. The ‘Restart Grant’, which is available from April, was announced as part of the most recent budget to help businesses get back up and running.
Almost 700,000 small business owners are set to benefit from the scheme. Non-essential shops in England will hopefully reopen on 12th April and to assist they could get up to £6,000 per premises through the grant.
This scheme will replace the monthly Local Restrictions Support Grant (Closed) and Local Restrictions Support Grant (Open), which will both close at the end of March.
According to government guidance, your business may be eligible if it:
- is based in England
- is in the non-essential retail sector
However, you cannot get funding if:
- you can continue to operate during the lockdown period because you do not depend on providing direct in-person services from your premises
- you have chosen to close, but have not been required to close as part of national restrictions
- your business is in administration, insolvent or has been struck off the Companies House register
- you have exceeded the permitted subsidy allowance
You will need to apply for the ‘Restart Grant’ through your local council and check their website for more information.