The Mansfield District Council is accepting applications for the Additional Restriction Grants.
Sponsoring Agency: Mansfield District Council
Type of Fund: Grant
Deadline Available: Available
Deadline Date (mm/dd/yyyy): 06/30/2021
Size of the Fund: Less than USD $50,000
The Mansfield District Council is accepting applications for the Additional Restriction Grants.
The focus of the COVID-19 Grants being administered by the Council from April 2021 is now on restarting businesses as the restrictions ease.
The Additional Restriction Grant is focussed on hospitality, accommodation and leisure sectors and businesses in the direct supply chain for these sectors along with takeaways within the Mansfield BID area and taxi drivers/driving instructors permanently residing in the Mansfield District Council area.
The scheme is no longer based on which businesses are open or closed and is focussed on the sector that the business operates in.
Funding Information
An eligible business may receive (subject to the availability of funds) a one off payment if the business wholly occupies a property with a rateable value (or if there is no rateable value, a proxy such as annual business premises rent) as follows:
• £2,000* for a Rateable Value £15,000 and under
• £4,000* for a Rateable Value of over £15,000 and below £51,000
• £6,000* for a Rateable Value £51,000 and over
If you do not wholly occupy a property listed for business rates (i.e. not registered/liable for business rates) and are not charged a fixed business property rent you may be entitled to a fixed grant of £1,500*
Taxi drivers are eligible to apply for a £750 grant under this scheme.
*The rate of grants payable has been amended for the third round of applications due to a reduction in Government funding.
Taxation
• Grant income received by a business is taxable. The Additional Restriction Grant will need to be included as income in the tax return of the business.
• Only businesses that make an overall profit once grant income is included will be subject to tax. Unincorporated businesses will be taxed when they receive the grant income.
More information at: https://www.mansfield.gov.uk/xfp/form/218
