Businesses in Cornwall are to receive further grant payments to aid their recovery from COVID restrictions.
Additional Restrictions Grants
Cornwall Council has been allocated a further £4,427,419 by the Government to fund the Additional Restrictions Grant (ARG) Scheme and is in the process of making top-up payments to businesses that received 50 per cent of their claim earlier this year.
Businesses will now receive a total of 90 per cent of the maximum award or the amount they requested, whichever is the lower. For example, a business which could have received £10,000 and received £5,000, will now receive a further £4,000, taking its total grant to £9,000.
The £4.4million fund only allows the Council to make top-up payments to businesses that received money earlier this year – not to establish a new round of grants.
Meanwhile, the vast majority of Cornish businesses eligible for the Government’s Restart Grant should have now received their payments.
The Restart Grant is a one-off grant to support eligible rate-paying businesses in reopening safely as coronavirus restrictions are lifted.
£102million has so far been distributed to more than 13,500 businesses.
For more information on grants, see Cornwall Council’s Business rates and coronavirus web page.