Additional Restrictions Grant 2021
The Additional Restriction Grants are available for businesses who have been severely affected by the national restrictions put in place on 5 January 2021.
Eligible business with fixed property cost in Croydon below £1,500 pcm
|Eligible business with fixed property cost in Croydon above £1,500 pcm||£5,000|
|Workspace providers providing serviced office support to SMEs (whether open or closed)||£10,000|
Grants will be allocated on a first-come, first-served basis.
More detailed criteria for these grants is shown below.
Who can apply?
All types of organisations including but not limited to:
- limited companies
- community interest companies
- limited liability partnerships
- sole traders (note market traders must operate a minimum of 3 days per week in Croydon)
- home-based businesses
- social enterprises (must be able to demonstrate a clear social mission addressed by the social enterprise)
- charities with an active trading arm
You may also apply for this grant if you were in receipt of an Additional Restrictions Grant during the first phase covering the National Lockdown 2 in November 2020.
To be eligible for phase two of the Croydon Additional Restrictions Grant (ARG2), businesses:
- must have a registered or trading address in the London Borough of Croydon
- must have been trading on the 5 January 2021 (note, this means your business must be active – your premises do not need to have been open)
- must have seen a minimum 10% reduction in income (which can be evidenced)
- must have a turnover of £15,000 per annum
Businesses not eligible include:
- companies that are in administration, or insolvent or where a striking-off notice has been made would not eligible for funding under this scheme
- businesses that would exceed the state aid if given the grant
- businesses that are eligible for the LRSG tiered grants
Priority business types
This phase of ARG2 will continue to give priority to those businesses in Croydon that fall into the following categories:
- The substantive part of the business has been required to close by law due to the national restrictions put in place by central government, and are not entitled to a mandatory Local Restrictions Support Grant so do not hold a rating liability for National Non-Domestic Rates (Business Rates)
- Businesses who have been directly impacted by the ongoing national restrictions which has affected the substantial part of their business, leading to a loss of income of at least 10% or more.
- Home-based businesses continue to be eligible but need to demonstrate that they make a minimum turnover of £15,000 per year – to ensure that the scheme supports businesses that serve as a primary source of income.
In order for businesses to qualify for the grant, they must provide evidence that they meet ALL of the following criteria:
- All types of organisations are eligible including but not limited to limited companies, community interest companies, limited liability partnerships, charities and social enterprises.
- Sole traders and partnerships are also eligible to apply for support under the scheme if they meet all other eligibility criteria.
- This funding is to support businesses which have suffered a significant loss of income due to COVID-19 third lockdown. The turnover must have been at least £15,000 per annum during 2019/20 tax year (pro-rata if a newly established business).
- The business must be the applicant’s main source of income (particularly relevant to those self-employed/sole traders).
- The business must have been actively trading prior to the 5 January 2021. Note, this means your business must be active. Your premises do not need to have been open.
- The business must have a trading/operating address in the London Borough of Croydon, and regularly operate in the London Borough of Croydon. The business must not have received a grant from another local authority in relation to the premises you claim through this scheme. Note, costs for storage units are not eligible.
- The business must be fully constituted. It must not be in administration, insolvent or have had a striking-off notice made, either when the national restrictions came into effect, at the point of application, or when the grant is due to be paid.
- Businesses must not have reached the state aid limit of EUR 200,000 over three years under the De Minimis Regulation, or EUR 800,000 under the COVID-19 Temporary Framework scheme for the UK (different thresholds apply to agriculture, fisheries and aquaculture business).
- Businesses that have successfully applied for and received payments under the Local Restriction Support Grant (LRSG) and other mandatory grants are not eligible to apply.
You will need the following information and evidence to complete the application and demonstrate loss in income of at least 10% as a direct result of COVID-19:
- bank statements for the last three months for the account into which you would like the grant to be paid
- evidence of the fixed ongoing building-related costs (for example, copy of signed lease, contract, licence, membership of co-working or mortgage agreement, building insurance documentation) and evidence of payment of building costs (note, costs for storage units are not eligible)
- profit and loss summary from the last 12 months (note we are happy to work with applicants to identify P&L, accept tax returns or consider P&L FY 2019/2020)
- company registration number
The bank account number and sort code you provide in the application form should match exactly that of the bank statements provided as evidence.
Please provide bank statements in pdf format. We cannot accept photographic images of statements.
Failure to provide the necessary supporting evidence will result in a delay processing applications, and will therefore cause a delay in the payment of grants.
How to apply
Complete the online application form and provide all the evidence required. We reserve the right to close or pause the application process, dependent on demand.
Do not complete this form if you have a business rates (NNDR) account in your name and your business was forced to close due to national restrictions on 5 January 2021, as you will not be eligible for this grant.
If your business falls into this category, you can register for other business support.