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Financial support for businesses

Find out about the financial support available for businesses in Torbay during the national lockdown.

The latest grant scheme is fundamentally different in terms of administration as businesses qualify for different levels of support, paid from different grants based on the length of time they are impacted by COVID-19. 

Making an application

Where applicable, businesses will need to provide the following evidence:

  • Business address
  • A copy of the Businesses bank statements from 1 August to 31 October
  • Rate paying businesses legally required to close
  • Business rates account number
  • Company number - as registered with Companies House
  • VAT registration number
  • Unique Taxpayers Reference (UTR) Number

Please note you can find your business rates account number on your business rates bill. If you have previously been awarded a business grant your account number is on your award email.

For other ways to find your account number please visit our business rates page.

Copies of paper bills may take up to 7 days to receive.

Rate paying businesses legally required to close

Rate paying businesses required to legally close, are eligible for a business grant depending on their Rateable Value. The grant values are as follows;

  • rateable value of exactly £15,000 or under will receive £1,334 per 28 days
  • rateable value over £15,000 and less than £51,000 will receive £2,000 per 28 days
  • rateable value of exactly £51,000 or above will receive £3,000 per 28 days

This scheme known as 'Local Restrictions Support Grant (Closed)' is funded by the Government on a rolling programme for all the time there are National or Local restrictions requiring closures.

Apply for a business grant

Rate paying businesses not legally required to close

Rate paying businesses which – while not legally forced to close – are nonetheless severely impacted by the restrictions put in place to control the spread of Covid-19 are able to apply for a discretionary grant.

This scheme is a finite pot and therefore will need to be prioritised based on the level of financial hardship faced as a result of the National or Local restrictions.

If the limited funding for is oversubscribed, awards to businesses will be prioritised based on their relative levels of ongoing fixed property-related costs, the number of employees and relevance to the Local Economy.

The grant values are as follows;

  • rateable value of exactly £15,000 or under will receive £934 per 28 days
  • rateable value over £15,000 and less than £51,000 will receive £1,400 per 28 days
  • rateable value of exactly £51,000 or above will receive £2,100 per 28 days

Discretionary Grants are available during a National Lockdown and during Local Restrictions of Tier 2 or Tier 3.

Apply for a business grant

Non-rate paying businesses (this includes small limited companies, self-employed and sole traders)

Non-rate paying businesses which have been severely impacted by the restrictions put in place to control the spread of Covid-19 are able to apply for a discretionary grant.

Home workers, sole traders and self-employed individuals are only eligible for this grant if they do not qualify for the Self-Employed Income Support Scheme which provides income support and you must have a Unique Taxpayer Reference (UTR) Number.

This scheme is a finite pot and therefore will need to be prioritised based on the level of financial hardship faced as a result of the National or Local restrictions.

If the limited funding for the scheme is oversubscribed, awards to businesses will be prioritised based on their relative levels of ongoing fixed property-related costs, the number of employees and relevance to the Local Economy.

The grant available is for £934 per 28 days.

Apply for a business grant

Do state aid rules apply?

The Local Restrictions Support Grant counts towards state aid. The rules are fully explained in the government state aid guidance. By accepting this grant you must confirm that you are not in breach of these rules.

Our policy

Read the policy for the awards of discretionary grants during the Local Covid Alert Level Tier System and national lockdown.

Contact Business grants