The Government have announced an additional £1 billion in support for businesses, recognising that the rise of the Omicron variant means some businesses are likely to struggle over the coming weeks. The scheme will provide eligible Fareham based companies with a one-off grant based on the Rateable Value of their business on 30 December 2021. Grants range from £2,667 to £6,000. For further information on the Omicron scheme and details of how to apply
Recognising that many businesses in the hospitality sector, along with their suppliers and the leisure, personal care and travel sectors, may be facing difficulties in the pre-Christmas period due to concerns about the spread of the Omicron variant, the Council is looking to develop a further grant scheme to support those affected most severely impacted.
If you have already made a claim for a previous grant, we will contact you if we believe that you are entitled to any of these new grants. We will also update our website when more information becomes available.
The Council has created Wider Business Support Scheme using Government Covid-19 grants in response to feedback from businesses earlier this year that, alongside grants, business were looking to the Council to provide support to assist them grow and diversify following the pandemic. Wider Business Support Scheme.
This scheme is an extension to the ARG-T1M and ARG-CSM schemes. The scheme will continue to reimburse the amount paid by a market trader for their stall from Monday 21 June 2021 up to and including Friday 31st December 2021. Full details can be found in the Additional Restrictions Grant (ARG) Continued Market Support Scheme (177 KB).
The table below shows the current charges which will be in place for the entirety of the scheme. The charges are in £/foot referring to the size of the market stall.
The number of reimbursements at each market is capped. 'Signed on' traders will be reimbursed first, then any casual traders up to a maximum total of 50 pitch fees reimbursed each market.
The pitch fees for additional markets will also be eligible.
Only Active Market Traders who trade as part of the Fareham or Portchester markets are eligible for this scheme. All other businesses should refer to the other ARG schemes.
There is no need to apply for reimbursement under this scheme as these will be arranged via the market operators.
Details of the schemes previously available to businesses during the COVID pandemic, can be found under Expired Grants.
State Aid is the financial support given to businesses by Government. The nature of the State Aid rules have changed as the country has now left the European Union.
Fareham Borough Council must be satisfied that all State Aid and Subsidy Control requirements have been fully met and complied with when making grant payments. If you are unsure whether the rules apply to you, please see this further guidance.
The Solent Local Enterprise Partnership (LEP) in partnership with Crowdfunder, has launched a new fund targeted at small and micro businesses. There is a maximum pledge of up to £2,000 per micro business (fewer than 10 employees) and up to £5,000 per small business (fewer than 50 employees), contributing to up to 50% towards the business's total fund-raising target.
There is a new 'Coronavirus' hub on the Solent LEP website detailing all of the available information about support for local businesses Coronavirus information from the Solent LEP .
There are a number of national financial support schemes designed to help businesses during the pandemic. You can find out if your business is eligible using the Business Support Finder tool .
If you are not sure if your business is eligible for any of these schemes then please call our Grants Helpline on 01329 824430 or email us at email@example.com. The helpline is open on weekdays between 8:45am and 5.15pm.