Following a top-up of the Additional Restrictions Grant from Government following the Omicron variant and Plan B measures coming into place, Lambeth Council are pleased to announce that they are launching Phase 4 of the Economic Resilience Fund to support businesses who have been most severely impacted.
The fourth phase of our Economic Resilience Fund will target personal care businesses and independent hospitality and leisure businesses who provide in-person services.
Personal care businesses may be eligible for grants of £2,677 in line with the Omicron Hospitality and Leisure Grant awards. Independent Hospitality and Leisure businesses may be eligible for either £10,000 or £20,000, depending on their size.
Businesses from these priority sectors must have fixed commercial costs to be eligible. Organisations will not need a business rate liability to qualify.
Applications for the fourth phase of the Economic Resilience Fund will open at 10am on Wednesday 2nd February 2022 and will close when all funding has been awarded or is likely to be awarded due to volume of applications.
These applications will be assessed on a first come, first serve basis.
Please note that the total funding pot available through the fourth phase of the Economic Resilience Fund is significantly smaller than previous phases, and as such, Lambeth expect funding to be exhausted quickly. The application form will be available on their website.
Lambeth continue to lobby government for greater funding support to local businesses. Please keep checking their website for further business support updates.
If you have any queries, please email email@example.com.