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Additional restrictions discretionary grants

Additional Restrictions Discretionary Grants for business

Waltham Forest has successfully qualified for £1.9million of Additional Restrictions Grants Top Up funding. This additional funding will be used in four ways:

  • Issuing grant to the remaining eligible Hardship Fund applications from the previous round.
  • Launching the Industrial Locations Hardship Scheme (see below).
  • Launching the Non-rateable Travel Industry Fund (see below).
  • Business support activities – including a pre-start up and start up programme; a scale up and grow business support programme and funding for the Enterprise Innovation Hub.

For news of future developments and for more information on our business support activities please subscribe to our business newsletter.

The Council intends to support as many local businesses as possible, in line with our Economic Recovery Plan (PDF) and our Public Service Strategy.

Industrial Location Hardship Fund (ILH)

The Industrial Locations Hardship fund provides additional financial help to larger businesses based in Waltham Forest who may not have been eligible for previous Rates based grants, have a rateable value of more than £51,000 per year and more than 10 full time equivalent (FTE) PAYE employees*.

There are two levels of grant available based on the number of employees:

  • Businesses with between 10 and 29 FTE employees = up to £75,000 per business.
  • Businesses with 30 or more FTE employees – up to £100k per business.

Grants will be assessed against the eligibility criteria and awarded on a first come first served basis until the available funds are fully allocated.

*Full Time Equivalent is defined as working an average of at least 30 hours per week in the three months up to the 1 October 2021.

Non-Rateable Travel Industry Hardship Fund (NTIH)

This scheme will also be launched at midday on the 26 October 2021, and is for ETOA and/or ABTA registered travel companies who do not qualify for Non-Domestic Rates (Business Rates) and have not been eligible for any previous rates based grants because they do not have a retail premises or any premises eligible for Local Business Rates. (businesses who have previously received funds via the ARG Hardship Fund may still be eligible).

The maximum grant available through this scheme is £20,000 per business.

How do I apply?

The application window for both grant schemes will open at Midday (12pm) on Tuesday 26th October 2021and remain open until Friday 5th November 2021 or until all of the funds have been allocated (whichever is the sooner).

The schemes are entirely discretionary, and the London Borough of Waltham Forest is permitted to determine qualification criteria and eligibility, based on local economic need.

You can apply for either grant by registering through our grant portal GrantApproval.co.uk.

Eligibility

To apply for either of the grants your business must:

  • Submit an eligible application:  The application windows will open at midday (12pm) on the 26 October 2021 and remain open until 5pm on the 5 November 2021 or until all of the funds have been allocated (whichever is the sooner).
  • Be based in the London Borough of Waltham Forest: 
    • Strategic Industrial Hardship Fund: Must be a company registered in one of the Strategic Industrial Locations (SILs), Borough Employment Areas, (BEA) and/or Locally Significant Industrial Areas (LSIS). See full list of eligible postcodes
    • Non-rateable Travel Industry Hardship Fund: Be a registered company with a Waltham Forest postcode.
  • Be a currently trading business registered before 1 April 2021: A business is considered to be trading if it is engaged in business activity. For example:
    • Carrying on a trade or profession.
    • Buying and selling goods or services in order to generate turnover.
    • Continuing to trade online, via click and collect services etc.
    • Engaged in business activity, managing accounts, preparing for reopening, planning and implementing COVID-safe measures.
    • Not in liquidation, dissolved, struck off or subject to a striking-off notice or under notice.
  • Have suffered hardship as a direct result of Covid: Clearly able to demonstrate minimum 30% drop in turnover (gross income) in the year 2020/21 compared to the previous year.
  • Have not received any previous Rates Based Grants or the ARG Growth Fund: Businesses that have received funding from other non-rates based grants including the ARG Hardship Fund may still be eligible for this grant.

Beware of scammers

Please beware of third parties offering to act on your behalf for a fee. The grant application process is free, straightforward and only requires you to provide information already available to you. Businesses should not need to pay third parties to access a grant. 

Scam emails are also being sent to businesses, falsely claiming to be from the Council, saying that businesses have been paid grants in error and they need to returned and include bank details for payments to be made. These emails should be ignored.

What information do I need to provide?

  • Name of applicant – with proof of ID (photocard drivers licence,  passport or national identity card).
  • Name of business.
  • Business trading address including postcode – if your business is registered outside of Waltham Forest, you will need to provide evidence that you mostly trade (more than 50%) within the borough.
  • Company registration number.
  • High level SIC Code (a full list of SIC codes)
  • Nature of Business.
  • Date business established (i.e. date of registration with Companies House).
  • Number of employees (for ILH Fund).
  • Business rates account number (ILH Fund).
  • Cumulative total of previous funding received under all COVID-19 grants schemes.
  • Business bank account details – with statements that clearly show account name, sort code and account number.
  • Proof of hardship – evidence that your business has suffered at least a 30% drop in trading income as a direct result of Covid-19, or other significant impact. We expect to see either formal accounts showing turnover or a P&L clearly showing gross income for at least the years 19/20 and 20/21.

After you apply

After an application has been submitted you will be sent an email confirming submission, this will contain a six digit reference number. Please retain this number and use in any future correspondence.

Using the information provided by you, we will carry out due diligence checks, including local and national fraud checks, and review the evidence that you submitted to ensure the application qualifies.

How long will it take to pay a grant?

We aim to review your application and complete due diligence as soon as possible. You will be notified as soon as your application is approved or denied. Applications will be assessed and approved/rejected on a first come first served basis. Once the funds have been fully allocated, no more applications will be accepted pr approved.

We are expecting all grant payments to be completed by the 30th November 2021.

It is not possible to provide a precise turnaround time for payment as this is dependent on factors such as the number of applications received, fraud checks, and eligibility criteria. 

Payments will be made to those who qualify by BACS. We will notify all applicants through the grant portal whether grant applications are approved or denied.

What happens if my application is declined?

Applications will be denied if:

  • They do not provide sufficient evidence of eligibility for a grant. 
  • They are reviewed after all the available funds have been allocated (applications will be reviewed and approved in the order they are submitted through the portal).
  • They are duplicate or multiple applications (only one application per business per grant scheme is allowed).

Applicants will receive a notification via the grant portal informing them of the decision.

There is no right of appeal against the decision, but if you wish to comment or complain about the process you can do so using our comments and complaints procedure  here: https://www.walthamforest.gov.uk/content/complaints-compliments-and-comments 

Who should I contact if I haven’t heard about my grant?

We expect to receive a high number of enquiries asking for updates and we recognise how vital these grants are to you – however we have limited capacity to respond to update requests, which takes focus away from processing grants.

If it is more than 15 working days since you have applied for one of the above grants, or if you have any other queries about the Additional Restrictions Grant, please contact us.

Unless it has been more than 15 working days since your application, we will not be able to provide you with an update on the status of your application.