Discretionary grant fund

In May 2020, the Government announced a national fund of £617 million to provide financial support for small and micro businesses affected by the coronavirus (COVID-19) outbreak and who were not eligible for the Small Business Grant Fund or the Retail, Hospitality and Leisure Grant Fund.

Dacorum Borough Council has been allocated £1.45 million of this to provide grants to local businesses within this category that meet certain criteria.

 

What are the details of the Dacorum Borough Council scheme?

The scheme offers a grant of £5,000 to local small businesses. Only one grant will be paid to a business, even if it operates from more than one property within Dacorum.

What conditions does a business need to meet to apply for a grant?

In order to target the funding at small and micro businesses, applicants must meet all of the following conditions:

  • The business must have been trading on 11 March 2020, and have a reduction in income due to the coronavirus (COVID-19) pandemic.
  • The business must not be in administration, insolvent or have a striking-off notice issued.
  • The business must not be eligible for a cash grant from any central government coronavirus-related scheme. This includes the Small Business Grant Fund and the Retail, Hospitality and Leisure Grant Fund. (A business can have payments from the Self-Employed Income Support Scheme or Coronavirus Job Retention Scheme (furlough) and apply for this grant as well.)
  • The business must not be a business ratepayer, unless the ratepayer is a charity in receipt of Charitable Business Rates Relief that would otherwise have been in receipt of Small Business Rate Relief or Rural Rate Relief.
  • The business must be operating from a property within Dacorum, and have fixed property-related costs of between £7,500 and £51,000 per year. Property-related costs mean rent, lease or mortgage. Costs relating to a property that is also occupied as a home do not count, unless the business is a Bed and Breakfast.
  • If the business is a Bed and Breakfast, it must have registered as a food business with our Environmental Health team before 11 March 2020.
  • The business must have fewer than 50 employees, an annual turnover of less than £10.2 million, and a balance sheet total of less than £5.1 million.
  • The business must not offer financial services.
  • The business must not breach State Aid rules by accepting the grant.
  • This is a summary of the grant conditions. For full details, please read the Local Authority Discretionary Grant Fund policy (PDF 561KB).

How to apply for the grant

Applications will only be accepted through the online form – you will need to provide basic information about your business, and evidence of your property costs and bank account.

Before you apply, please make sure you have the following available:

  • If the business is a registered company, the company number.
  • If the business is a registered charity, the charity number, also the business rates account number if there is one.
  • If the business is a partnership, the names of all partners.
  • If the business is a Bed and Breakfast, the Council Tax account number.
  • A copy or photo of your rental agreement, lease or mortgage, clearly showing annual costs of between £7,500 and £51,000 per year.
  • The name of your landlord or mortgage provider.
  • A copy or photo of a bank statement dated within the last three months, showing that the bank details you provide relate to your business.

When you complete the form, you will be declaring that all statements you make are true and accurate. If you provide false or inaccurate information you may be prosecuted, and any grant paid recovered from you.

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Assessment and payment of grants

Applications will be assessed and paid in the order we receive them. We will tell businesses about the success of their application by email, and make payment to successful businesses by bank transfer into the account they have nominated.

The scheme will close after two weeks, or when all of the available funds have been used if this is sooner.

Can I check my business is eligible?

If you have read the full policy and aren’t sure if your business will be eligible, please email discretionary-business-grants@dacorum.gov.uk.

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