The scheme is called the ARG (Additional Restrictions Grants) Business Recovery scheme and offers grants of £5,000 to £50,000 to SMEs in any sector, that have been actively trading for at least three months and have main business and trading addresses within the Birmingham City Council area. The scheme is open to all types of SMEs whether registered via Companies House, Charity Commission or self-employed.
Applicants must be able to cash-flow the proposed activity as grants are paid retrospectively and capped at 75% of the project costs.
Eligible costs may include:
» Implementation of COVID-19 related measures.
» New plant and equipment.
» Improvements to systems, production processes or production layout.
» Internal refurbishment.
» IT and Digital.
» Diversifying and developing new markets.
» New product development.
» Other costs which may be considered on a case by case basis.
A high volume of applications is expected.