Covid cash is being granted by the Isle of Wight Council. The Isle of Wight Council has been awarding Island businesses grant funding throughout the pandemic and has warned there are only a couple of days left to apply for the most recent round. Here is a handy explanation of what the two main grants are the Local Restrictions Support Grant Fund and the Additional Restrictions Grant.
What is the Local Restrictions Support Grant Fund (LRSG)? The LRSG is a property-related, non-discretionary grant scheme based on business rates qualification. Businesses could receive up to £3,000 for the four week lockdown under the scheme. The LRSG is available to businesses required to close under the November lockdown, including non-essential retail, leisure, hospitality, sports clubs and personal care such as hairdressing and beauty.
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