New grants available for Leicester businesses

A new Discretionary Business Grant has been launched in Leicester to support small and micro businesses that have been hit by the coronavirus lockdown.

Leicester City Council has £3.5million to make non-repayable grants available to businesses and charities who are struggling to survive the current conditions.

The funding is designed to help those organisations which were not eligible for help from the Retail, Leisure and Hospitality Fund Grant and Small Business Grant which were made available back in April.

The funding is available to the following:

  • Businesses in shared spaces at the Belgrave Business Centre, Leicester Business Centre and the DMU Innovation Centre.
  • Market traders at Leicester and Beaumont Leys markets
  • Bed and breakfasts which pay council tax instead of business rates.
  • Charities not eligible for a small business grant due to them receiving charitable rates relief.

Other businesses eligible for help will include hospitality businesses which cater for events, commercial venues used for private hire events, places of public worship providing separate community facilities and childcare nurseries.

Eligible businesses and charities must not qualify for the Small Business Grant or the Retail, Leisure and Hospitality Grant; have suffered at least a 40 percent fall in income due to COVID-19; have relatively high, ongoing, fixed property costs such as mortgage or rent, and have been trading on March 11, 2020.

Most grants will be for £7,000 to £10,000, depending on the type of business. Market traders can receive up to £2,000.

Businesses and charities wanting to check their eligibility and apply for a grant can do so here. The deadline for applications is 22 June.

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