Supporting our local businesses
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3. Grants and loans for businesses
Latest update: The current Local Restrictions Support Grants have been paid up to 31 March. We are currently in the process of reviewing Additional Restrictions Grants and making payments up to 31 March.
If you have not already applied for grants, please make your application using the forms below.
New applications for the Local Restrictions Support Grants (Closed) for 16 February to 31 March will be accepted up to the closing date of 31 May 2021.
Please bear with us and do not call or email for information at this time. As soon as we have further information, we will update our website.
Restart Grant - from April 2021
The Government has announced a Restart Grant fund to support shops (non-essential retail), personal care businesses, such as hairdressers and beauty salons, as well as restaurants and pubs, accommodation, and leisure. Funding will be received from the Government in early April and payments will be made from Monday 19th April.
Reigate Restart Grant Application - To apply for the Restart please complete the application form and upload the required evidence
The Restart Grant will support non-essential retail premises with one-off grants of up to £6,000, depending on the rateable value of the premises.
|Rateable Value of non-essential retail||One-off grant|
|£15,000 or under||£2,667|
|Over £15,000 and less than £51,000||£4,000|
|£51,000 or over||£6,000|
The Restart Grant will support hospitality, accommodation, leisure, personal care and gym premises with one-off grants of up to £18,000, depending on the rateable value of the premises.
|Rateable Value of hospitality, accomodation, leisure, personal care and gym premises||One-off grant|
|£15,000 or under||£8,000|
|Over £15,000 and less than £51,000||£12,000|
|£51,000 or over||£18,000|
For businesses which do not qualify for these new Restart Grants, the Additional Restrictions Grant will continue to be available to provide support.
Grant information and application forms
The following grants are currently open for applications by eligible businesses in the borough of Reigate & Banstead:
- Local Restrictions Support Grant (Closed) – We are still accepting applications for businesses that have been required to close during restrictions since January. Businesses are able to apply for this grant where they were trading on 4 January 2021, but have had to remain closed. Businesses must be liable for business rates, and grants will be paid based on the Rateable Value of the business premises for the period 16 February to 31 March 2021.
Additional Restrictions Support Grants - for businesses who have closed or been severely affected by the current restrictions, such as those businesses in the supply chain. Update 26 March 2021: We have temporarily paused applications for the Additional Restrictions Grant. Please check back next week for an updated form. Thank you.
Coronavirus loans extended
The Government's loan schemes for businesses - Bounce Back Loans and Coronavirus Business Interruption Loan Scheme - are open for applications until 31 March 2021.
Please note you cannot apply for more than one coronavirus loan.
Coronavirus Bounce Back Loan
Businesses who have borrowed less than their maximum (i.e. less than 25% of their turnover) through the Bounce Back Loan Scheme can top-up their existing loan with more funding.
The Coronavirus Bounce Back Loan was set up to help small and medium-sized businesses affected by coronavirus.
- The scheme is open for applications and cash will be released within days for eligible businesses.
- Businesses can borrow between £2,000 and £50,000.
- The Government will guarantee 100% of the loan and there won't be any fees or interest to pay for the first 12 months.
- Loan terms will be up to 6 years.
- The government will work with lenders to agree a low rate of interest for the remaining period of the loan.
- The scheme will be delivered through a network of accredited lenders.
Find further guidance and application details on the Coronavirus Bounce Back Loan website.
Coronavirus Business Interruption Loan Scheme
The Coronavirus Business Interruption Loan Scheme provides financial support to smaller businesses affected by coronavirus. The application deadline has been extended to 31 March 2021.
Coronavirus Large Business Interruption Loan Scheme
The Coronavirus Large Business Interruption Loan Scheme helps medium and large sized businesses to access loans and other kinds of finance up to £200 million. The Government guarantees 80% of the finance to the lender. The scheme is open to applications until 31 March 2021.
Grant payments and your data
The Council will record and retain records of individual payments of Grant. This information will be stored in accordance with all relevant data protection requirements such as the UK General Data Protection Regulation (UK GDPR) and the Data Protection Act 2018 and shared with Government upon request. The information will be used by the Government monitoring and evaluation purposes, as well as for prevention and detection of fraud and/or other criminal activities, as well as for suspension and/or recovery of the grant where necessary. The Government may share information for the purpose of counter fraud activity and debt recovery with other government departments, agencies and/or local authorities.