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  6. Business Recovery Grant

Business Recovery Grant

Following Storm Babet, a UK Government Business Recovery Grant (BRG) of up to £2,500 will be made available (via application) to eligible East Lindsey businesses, to help support recovery in the aftermath of this severe weather event.

Although we are currently awaiting further guidance from the Government which will confirm how we administrate and distribute this BRG. We anticipate that to make an application to this fund a business must be both:

  • a Small and Medium Sized Enterprise (SME) by  the Government's definition which is: to have fewer than 250 employees and have a turnover of less than €50m or a balance sheet total less than €43m
  • trading at or from the property (in East Lindsey) at the point that the property was impacted by Storm Babet (19 October 2023 to 25 October 2023) (fully constituted businesses in liquidation, dissolved, struck off or subject to a striking-off notice are not eligible under these conditions)

And be able to provide evidence to show that the applicant business has either been:

  • directly impacted by Storm Babet - for instance the business suffered flood damage to the business premise
  • indirectly impacted by Storm Babet - for instance access to the business premise is severely restricted as a result of flooding, including no/highly restricted access for customers, suppliers or staff

Although this page will be updated when we receive more Government guidance, potentially qualifying East Lindsey businesses can register an intention to apply now by mailing Niki.Shepheard@boston.gov.uk, with your business name, address and a brief summary of how your business was impacted by Storm Babet (19 October 2023 to 25 October 2023).

It is likely that the application window will be open throughout December, closing on the 31 December 2023.

 

Data will be shared with the Department for Business and Trade (DBT).  The DBT privacy notice, setting out how DBT will handle personal data and can be found here on GOV.UK
Data will be reused by this Council and shared with other enforcement agencies for the prevention and detection of crime, where permitted by law.  Data provided by businesses would be available to the public through requests under the Freedom of Information Act 2000.  Information and data supplied will be held for 10 years from when the grant conditions have been concluded.