This new, expanded funding grant has been allocated to support small retail businesses that were forced to close due to the second national lockdown as well as the supply chain supporting the hospitality and leisure sector.
Included in this sector is non-essential retail, the self-employed, sole traders, licensed market traders and limited companies based at home who predominantly supply the hospitality and leisure sectors.
The scheme will be open for applications from 10am on Monday, 30 November and will close at 5pm on Friday, 11 December.
Business must also satisfy the following criteria:
be based in the Liverpool City Region (covering the local authority areas of Halton, Knowsley, Liverpool, St Helens, Sefton and Wirral)
have been trading since 11 March 2020
have not been eligible or received a grant from a local authority from October 2020 onwards
employ one or more people
be able to demonstrate that its trading activities have been significantly and negatively impacted by COVID-19 restrictions
The aim is to pay the grant by BACS within 10 working days of an application being approved.
The retail and leisure support scheme is open to small and micro businesses only. For small businesses that means having a turnover of not more than £10.2 million; a balance sheet total of no more than £5.1 million; and a staff headcount of no more than 50 people.
A micro business must satisfy two or more of the following requirements: have a turnover of no more than £632,000; a balance sheet total of not more than £316,000 and a staff headcount of no more than 10 people.
Mayor of Liverpool Joe Anderson said: “Liverpool and its partner authorities in the City Region are working hard to support as many businesses as possible which have been affected by the pandemic.
“This latest round of funding will target a number of businesses who make a valuable contribution to our economy, particularly in the hospitality and leisure sector, and yet who have been able to access only restricted funding so far.
“We will continue to work with our colleagues as the Combined Authority to bring as much support as we are able to the region’s hard-pressed businesses.”