Local Restrictions Support Grants (LRSG)
The government has announced that funding will be available to local authorities nationwide, giving them the wherewithal to distribute direct cash grants worth up to £2,100 a month to underpin eligible hospitality, leisure and accommodation businesses affected by covid.
If your business has been affected by COVID related government restrictions, you may be eligible for a Local Restrictions Support Grant (LRSG).
There are four grant schemes available:
- LRSG Open (Tier 2) – aimed at hospitality, hotels, bed and breakfast, and leisure businesses who were open during Tier 2 restrictions but whose trade suffered as a result
- LRSG Closed (Tier 3) – aimed at businesses such as wet pubs, soft play centres, adult gaming centres etc. who were subject to government mandated closure during Tier 3 restrictions
- LRSG Addendum (National Lockdown) – aimed at retail, hospitality and leisure sectors forced to close due to the national lockdown enforced from 5th November 2020
- LRSG Sector – aimed at nightclubs, casinos and sexual entertainment venues who have been under mandated closure since March 2020.
These are locations where firms are not legally obliged to close their doors but have been severely affected by increased restrictions on social interactions.
The new grants will be made available for every month the Tier 2 restrictions apply. It amounts to 70% of the direct cash grants made available to legally closed businesses in Tier 3 restrictions.
The Government has recommended that local authorities provide grants based on a firm’s rateable value:
- Properties with a rateable value of £15,000 or less – £934 per month
- Properties with a rateable value of £15,001-£51,000 – £1,400 per month
- Properties with a rateable value of £51,001 or more – £2,100 per month
More information and how to claim can be found at the following links:
For other local councils you need to check the relevant council website.
If you’d like to know how we can help you with this, or with anything else, feel free to phone 01942 734455 or email me at pb@hca.org.uk
Paul has been engaged in the accounting profession since 1988 after leaving the University of Manchester with a BSc (Hons) in Computer Science & Accounting. He qualified with Price Waterhouse Coopers in 1991. After a successful period in industry and a spell working in a local firm of Chartered Accountants, Paul decided to go it alone and established Haywards in 1994. In his spare time, Paul enjoys going to the gym, running, learning guitar and tormenting his Jack Russell, Arnie, and his Jackapoo, Stig. Along with his daughter (his wife hates football!), Paul is also a keen, but distressed, Wigan Athletic fan.
