This grant scheme closed on Friday August 28 2020.
If you have already obtained a business grant, all your details we will cross referenced and you should not apply for this scheme.
Please note that businesses who have applied for the Coronavirus Job Retention Scheme and Self-employment Income Support Scheme are eligible to apply.
Please note that grant income received by a business is taxable, although only businesses which make an overall profit once grant income is included will be subject to tax.
Please read Discretionary Business Support Grant – Round Three Policy before applying
Which businesses are eligible?
- SMEs must be based in Southampton
- Those with fixed monthly business related overheads. For SMEs based in a residential property, fixed monthly overheads for the purpose of this grant only includes business expenses and not residential costs. Only one grant award will be made per residential property and per business
- A demonstrable fall in income due to the COVID-19 crisis of more than 50% in recent months when compared with the same period in 2019
- Only businesses (hereditaments) which on the 11 March 2020 were eligible for business rates relief, or paying Council Tax and have billing status
- Only businesses which were trading on 11 March 2020
- Businesses which occupy property, or part of a property, with a rateable value or annual rent or annual commercial mortgage payments between £51,000 and £101,000
Local fund priorities
The Discretionary Fund is finite and so awards will be made to nationally prioritised businesses first. Southampton City Council will then determine to prioritise the following businesses and other types of organisations:
- Priority will be shown to SMEs with a greater number of employees to protect employment and reduce unemployment if the business were to close
- Priority will be shown to SMEs with that are still unable to open from the 25 July 2020 due to Government rules
- SMEs with-in or that support leisure, community and cultural facilities with higher rateable values
How much is the grant worth?
If the fund is oversubscribed then Southampton City Council reserves the right to amend the grant levels downward, on a pro-rata basis, to enable as many grants to be paid as possible to eligible businesses and ensure the fund remains in budget.
The value of the grants made to an eligible business is at the discretion of Southampton City Council and following governmental guidelines grants will be provided to eligible businesses based on the following criteria:
- £2,000 grant for micro businesses and small charity properties with no more than four employees and/or a turnover of less than £316,000. Fixed monthly business related overheads from £200 to £800 (excluding VAT)
- £3,000 grant for small businesses. Five to 10 employees and/or a turnover of less than £632,000. Fixed monthly business related overheads from £800 to £2500 (excluding VAT)
- £5,000 grant for medium sized businesses. More than 10 and less than 50 employees and/or a turnover from £632,000 to £10.2 million. Fixed monthly business related overheads over £2500 (excluding VAT)
What do I do next?
An online form and webpage are ready for business to apply. Submissions will be accepted and processed over a three-day period, commencing on Wednesday 26 August 2020. The schemes are permanently closed on midnight 28 August 2020. Successful prioritised and eligible businesses will then be informed and grant payments made via BACS payments.
Eligible businesses are advised to email email@example.com with an adequate evidence of fixed monthly business related overheads and home-based SMEs must supply a Council Tax reference number and quote the reference number provided after submission, to support their application.