Small and micro businesses and the self-employed in Hackney can apply for a one-off payment of up to £9,000 today after a new grant to support those affected by coronavirus was launched by Hackney Council.
The second round of the Additional Restrictions Grant, a discretionary grant scheme, will support small businesses who either had to legally close from December onwards due to the tier and national lockdown restrictions and who don’t have a business rates account, or businesses not legally required to close but who have been severely affected by the restrictions.
The first round of the Additional Restrictions Grant, launched by Hackney Council in December 2020, received almost 800 applications, with £1 million in grants due to be awarded to successful applicants by the end of February.
Successful applicants for the second round of this discretionary scheme will receive a grant of up to £3,000, £6,000 or £9,000 depending on the rateable value of their premises and businesses without a business rates account will receive a grant based on employee numbers with sole traders being awarded up to £3,000.
The grant can support a range of businesses including the self-employed, directors of limited companies, freelancers and those running home-based businesses in the borough.
The Council will prioritise businesses that supply the retail, hospitality and leisure sectors, businesses in the events sector, market traders and Ofsted registered nurseries and childminders, but all businesses who meet the criteria are encouraged to apply.
Previous applicants for the first round of the Additional Restrictions Grant won’t need to complete a new application form and instead can complete a short online consent form to be assessed for the second round, this can also be found on the website.
Businesses wishing to apply for the Additional Restrictions Grant for the first time will need to evidence their eligibility by providing company information, personal identification and financial records with their application, which will then be assessed by Council officers.
Applications close on 5 March 2021. To apply, visit hackney.gov.uk/additional-restrictions-grant