We have amended the eligibility criteria of the Additional Restrictions Grant (ARG2) to enable more businesses to apply for higher values of grant funding.
The changes include:
Removing the need for businesses to have been open and actively trading on 11 March 2020. Businesses are now only required to have been open and actively trading on 5 November 2020.
Reducing, from 50% to 25%, the income reduction that needs to be evidenced by businesses. This evidence can be provided in several different ways e.g bank statements.
Increasing the values of the grants. The self-employed (no employees) grant is now £4,000, the businesses with fewer than five employees grant is now £6,000, and the businesses with more than five employees grant is now £9,000.
We will analyse all grants that were rejected because of the original 11 March 2020 trading date and the 50% income reduction and award further grant money as necessary. We will also be awarding the increased level of grants to new successful applicants.