Applications for the Local Restrictions Support Grant (LRSG) have now opened. The window is scheduled to close at the end of the current lockdown period (December 2).
The grant is for businesses that have had to close due to the lockdown and it will be ring-fenced to businesses within the impacted sectors, which include non-essential retail, leisure, entertainment, personal care and hospitality.
The rateable value of your business property will determine how much grant you will be awarded for the month of restrictions:
In the Buckinghamshire Council area, the relevant numbers are:
Qualification for the scheme is based on whether you/your company is the business rates payer and your property is listed in the local non-domestic rates rating list.
To be eligible you must have been trading on 4 November 2020 and have been required to close on 5 November 2020 by the Government’s national restrictions.
You will need to provide your business rates reference number.
Non-essential retail premises such as pubs and cafes are still eligible to receive a grant if they continue to offer delivery and click and collect services, where items are pre-ordered without entering the premises.
A list of businesses that may qualify for the Local Restrictions Support Grant (closed) because they have been required to close can be found on GOV.UK: Businesses subject to restrictions.
You will not be entitled to this grant if:
• you have chosen to close (rather than being instructed to close by the Government) due to lack of trade during the month
• you remain open and have not been instructed to close by the Government, for example offices, factories, workshops and other small businesses
However, you may instead qualify for an Additional Restrictions Grant, which will be launched in the coming days.
This grant is for businesses whose turnover has been badly impacted by the restrictions but who are not eligible for the LRSG. This will be a discretionary grant open for a longer period of time.
For more details of the grant schemes, click here
I always get quick, clear and definitive responses from the Harwood Hutton tax team – commercial answers to commercial issues.Robin Berry – Morgan Management
Right from the outset Harwood Hutton gave us direction and great advice – and that advice has evolved over the years as we’ve grown. We’re both medium-sized companies providing a bespoke service – one furniture, one accountancy – and the relationship works.Andy McCarron, McCarron and Co
I’m deeply impressed with Harwood Hutton’s extensive knowledge of tax arrangements for residential and commercial property landlords.Qadeer Ahmed, MD, ABA Finance
They really took their time to understand what was important to us and our business and the expertise we required. Whoever we speak to at HH, we get the same fantastic response and technical input. It’s a real partnership.Edward Finch, group MD, MRIB insurance brokers
I have worked with the directors at Harwood Hutton on a number of mutual client matters over many years. The reassurance of their clear, commercial and focussed advice is one of the main reasons I regard this as one of my most valuable professional relationships.Frank Wessely, Partner, Quantuma LLP
Harwood Hutton never seem to rest on their laurels. They are always seeking out new avenues and ways to improve their offering. A very forward-thinking company with staff who are always well briefed and who approach each task with drive.Karl Austen, MD, Surefoot Communications
We have engaged Harwood Hutton in several areas of structuring, including VAT issues, decoupling an SPV from a group structure and HMRC clearance for a transaction. The team have exceeded all expectations by being proactive, measured and very thorough.Adam Fawsitt, Director, FHT Limited
We moved to Harwood Hutton as they delivered a succinct and professional proposal. If anything, we have been more impressed post-move. They are a fantastic company to work with. They do truly differentiate. They have the skills and capabilities of a mega firm but with a personal service.Edward Finch, group MD, MRIB insurance brokers
Join our mailing list to receive important news and insights for business leaders and private individuals