The final Strategic Framework Business Fund payment and Restart Grant

Category: COVID-19Leisure - Posted On: Mar 17 2021


As mentioned in our previous article, the Strategic Framework Business Fund (SFBF) provides grants to businesses that were required to close by law or to significantly change their operations due to COVID-19 restrictions from 2 November 2020.

If you still haven’t applied to the SFBF, you should do so as soon as possible through your Local Authority as applications close on Monday 22 March 2021.

The final four-weekly payment will be made on 22 March 2021, as per previous months. Then on 19 April 2021, all SFBF recipients will automatically receive a combined final 2-week supplement and a one-off Restart Grant to help them reopen.

Retailers in receipt of SFBF will be eligible for the Restart Grant of up to £7,500 based on Rateable Value (RV):

  • for properties with a RV below £51,000: £7,000 (£6,000 + £1,000)
  • for properties with a RV above £51,001: £7,500 (£6,000 + £1,500)

Hospitality and leisure businesses in receipt of SFBF will be eligible for the Restart Grant of up to £18,000 based on Rateable Value (RV):

  • for properties with a RV of £15,000 or under: £9,000 (£8,000 + £1,000)
  • for properties with a RV between £15,001 and £51,000: £13,000 (£12,000 + £1,000)
  • for properties with a RV of £51,001 or over: £19,500 (£18,000 + £1,500)

Whether your business is eligible will depend on where your premises are located and what level of restrictions are in place at any point in time. You can check your eligibility on the Find Business Support website. All applications must be made via your local authority within the deadline stated above.

If you would like support or advice in relation to this or other funding, our EQ Leisure team would be happy to help. Please get in touch by calling one of our offices or emailing leisure@eqaccountants.co.uk.