Issue - meetings

This report updates the Executive Member on the restart element of the Additional Restrictions Grant. The Executive Member is asked to retrospectively approve in public the decision taken by the Chief Finance Officer in consultation with himself and the Executive Member for Economy and Strategic Planning on at the Decision Session on 16 April 2021. This is detailed in paragraph 5 of the report.

Resolved: That retrospective approval be given to the decision taken by the Chief Finance Officer in consultation with  the Executive Members for Finance & Performance and Economy & Strategic Planning on 16^th April 2021 as follows:

Using the amounts allocated per 28 day period as agreed on 12^th November 2020 and 18^th January 2021, to provide restart grants to businesses on the basis of the Government’s Roadmap steps as follows:

·        Businesses reopening at Step 1: No further grant (reopening already provided for in grant paid from 1st March to 31st March) 

·        Businesses reopening at Step 2: One payment of 11 days at the agreed amounts plus a fixed payment of £200 (£396 to those with no premises, £724 - £1,379 for those in premises)

·        Businesses reopening at Step 3: One Payment of 46 days at the agreed amounts (£821/£2191-£4,929)

·        Businesses reopening at Step 4: One payment of 81 days at the agreed amounts (£1446/£3859-£8,679).

Reason:     To support to York businesses which are affected by the Lockdown restrictions but not eligible for Restart Grant funding

The Executive Member considered a report that provided an update on the restart element of the Additional Restrictions Grant (ARG). The Head of Economic Growth outlined the report, adding that colleagues were waiting to find out that day with the country would be moving to step 4 of the Covid roadmap. He explained that the grants awarded under the ARG were based on the number of days that businesses are shut and he detailed the amounts that had been awarded. The Executive Member noted the importance of being able to support businesses and then;

Resolved: That retrospective approval be given to the decision taken by the Chief Finance Officer in consultation with  the Executive Members for Finance & Performance and Economy & Strategic Planning on 16^th April 2021 as follows:

Using the amounts allocated per 28 day period as agreed on 12^th November 2020 and 18^th January 2021, to provide restart grants to businesses on the basis of the Government’s Roadmap steps as follows:

·        Businesses reopening at Step 1: No further grant (reopening already provided for in grant paid from 1st March to 31st March) 

·        Businesses reopening at Step 2: One payment of 11 days at the agreed amounts plus a fixed payment of £200 (£396 to those with no premises, £724 - £1,379 for those in premises)

·        Businesses reopening at Step 3: One Payment of 46 days at the agreed amounts (£821/£2191-£4,929)

·        Businesses reopening at Step 4: One payment of 81 days at the agreed amounts (£1446/£3859-£8,679).

Reason:     To support to York businesses which are affected by the Lockdown restrictions but not eligible for Restart Grant funding