Blog

Blog

The Accountants for Growth

England Local Restrictions Support Grant (LRSG)

England Local Restrictions Support Grant (LRSG)
What is the Objective?
 To support businesses, based in Tier 2, Tier 3 and Tier 4 areas, forced to close as a result of a Government decision.
What is the level of support?
 Premises with a rateable value of £15,000 or less may be eligible for a cash grant of £667 for
every 14 day period of lockdown.
 Premises with a rateable value of over £15,000 and less than £51,000 may be eligible for a cash grant of £1,000 for every 14 day period of lockdown.
 Premises with a rateable value of over £51,000 or above, may be eligible for a cash grant of £1,500 for every 14 day period of lockdown.
 Each business can obtain a grant for each non-domestic property in the restriction area.
 The grant will be taxable.
 
Business Eligibility Criteria
 It is based in England.
 Local Tier 2 and Tier 3 restrictions, the first full day of closure must have been on or after 9th
 
September 2020.
 It has been required to close for at least 14 days.
 It has been unable to provide its usual in-person customer service from its premises. E.g. pubs and restaurants who primarily operate as an in-person venue who now offer a takeaway service.
 
Any businesses not eligible?
 It continues to operate during the period of restrictions because the business does not depend on providing direct in-person services from their premises (for example, accountants).
 Local restrictions are introduced for less than 14 days or the business is closed for less than 14 days.
 The business has chosen to close, but has not been required to close as part of local restrictions.
 The business has been subject to national closures, since 23 March 2020, such as nightclubs (these may be eligible for other grant support).
 The business is in administration, insolvent, is subject to a striking-off notice or has been struck off the Companies House register.
 It has exceeded the permitted state aid threshold.
 
How to apply?
 Through your Local Authority. Check out their website.

If you wish to discuss this or other issues please do contact us
HMRC publishing notes - furlough claims from Decem...
England New Lockdown Grant 2021