Deadline for businesses who are applying for grant funding extended

The closing date for businesses to apply for grant funding for the hardship or home-based business scheme has been extended to 4 July.

The closing date for businesses to apply for grant funding for the hardship or home-based business scheme has been extended to 4 July.

Businesses need to submit their application by midnight on Sunday 4 July, with the extended deadline following news that the government have extended their funding deadline.  Businesses are being encouraged to check the criteria following the recent widening of eligibility.  The grant funding schemes could be withdrawn earlier than the 4 July deadline if remaining funds are fully utilised prior to this.

Councillor Peter Morgan, Executive Councillor for Renewal, Recreation and Housing said, “Businesses need to apply now whilst funds are available.  These grant schemes are particularly targeted at smaller businesses and as the criteria were recently widened, it is worth looking at, as you may now be eligible. Thousands of businesses have already benefited in some way, with over £80 million distributed in total.”

The hardship grant provides funds of up to £10k for eligible businesses within the borough and is targeted at businesses who can evidence a 50 per cent decrease in income during any three-month period over the last year. The recent inclusion of businesses to the scheme who have been receipt of SEISS, is in addition to recent changes to the grant, where the requirement for businesses to have at least £50k turnover, no longer applies.

The £2k home-based business grant is targeted at those who can demonstrate an unavoidable fixed cost for their business. This could include vehicle costs, professional fees, software, phone costs, insurance and any other unavoidable fixed cost that can be evidenced within the application.

Businesses that have previously received the Self-Employed Income Support (SEISS) Grant are now also potentially eligible for both schemes.  Businesses that have previously been rejected because they have been in receipt of SEISS, are now being strongly encouraged to reapply.

Applications, which should be made via the council’s website, need to be received before the closing date, which is midnight on Sunday 4 July 2021.

For any business-related enquiries, please contact business@bromley.gov.uk

The Hayes (Kent) Village Association was founded in 1933 to protect the interests of residents and preserve the local amenities.

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