In response to Coronavirus (COVID-19), the Government has announced measures to support businesses.
A discretionary fund has been set up to accommodate certain small businesses/charities previously not eligible for the Small Business Grants Fund (SBGF) and the Retail, Hospitality and Leisure Grants Fund (RHLGF). Hull City Council is managing this fund within the city boundary.
Grants are capped at £25,000 nationally. Hull City Council has chosen to award the grant at a maximum level of £10,000 to maximise the number of eligible businesses who would receive a grant. We can also make awards of any amount under £10,000. We expect that payments under £10,000 will be appropriate in many cases.
There are limited funds available for the Hull Business Discretionary Grant Fund. Micro, small businesses and charities with low turnovers, staff numbers and fixed costs will receive a grant of under £10,000 unless there is a compelling case to pay more. There is no automatic right to a grant, this is a discretionary scheme. Grant awards and levels will be determined in a fair and transparent manner based on both national and local criteria detailed below.
Information you supply will be kept confidential. Data will be retained so that we can undertake regular reporting to Government (BEIS department).
Applications to the council are invited from businesses which meet the national and local criteria.
For more information,visit the Hull City Council Website – Hull Business Discretionary Grant Fund for more information