£8.1M Funding for Liverpool Business

Liverpool City Region Combined Authority has received £8.1 million from the Government to support local businesses that have been hit by Covid-19. Each local authority will receive a portion of the funding.

Local council members gave the following statement on the grant:

“Throughout the past 18 months, we have worked together to project our region from the biggest challenge it has faced since the war. That collaboration, creativity and hard work resulted in millions of pounds of support that helped sustain thousands of businesses in all parts of our region through the worst of the pandemic.

“More than £44m was distributed to more than 4,000 businesses, saving many more thousands of jobs and livelihoods in the process. We start our recovery from a much stronger position as a result.

“That recovery is already well underway and received a massive boost in May, with the launch of Mayor Steve Rotheram’s £150m COVID Recovery Fund, which has allowed our region to get a headstart on the rest of the country.

“Today, we’re launching another £8.1m of funding for SMEs, who make up a massive chunk of the local economy. Together, we are making sure that the Liverpool City Region has the fastest and strongest recovery possible, with no one left behind.”

What is the funding?

The funding comes from the ARG (Additional Restrictions Grant), intended to help local needs and priorities that are not covered by the mandatory national lockdown grants.

How much will Liverpool be receiving?

The Trading On Scheme has allocated £2,592,501.84 to Liverpool City Council.

Which local authorities will receive funding?

Halton, Knowsley, Liverpool, Sefton, St Helens and Wirral will receive a portion of the grant.

What is the grant for?

The scheme will specifically support small and medium sized businesses and charities with between 10 – 249 employees.

Who can apply?

You must have been viable and trading on or before the 1st April 2021, employ between 10 and 249 FTE working at least 35 hours per week and are on payroll, be based and have commercial property-related costs in Liverpool, and you must be able to demonstrate how your business has been severely impacted by Covid-19.

Who can’t apply?

You cannot apply if you have already exceed the maximum permitted levels of Subsidy Control, if you have fewer or greater than the state employees, cannot evidence loss bia an accountant’s letter, are based in residential property or are a mobile business without commercial property costs, are predominantly funded by the public sector, are a place of worship or if you business is insolvent or dormant.