News (covid19) - Invest Plymouth

New support from Plymouth City Council is set to help businesses get back on their feet and give entrepreneurs the support they need to get going.

£92 million in Government grants has been paid out to local businesses by Plymouth City Council since the start of the coronavirus pandemic, as part of a massive effort to keep businesses in the city going.

Plymouth City Council is part of an ambitious cross-border project that will deliver a unique package of Covid-19 recovery support for local businesses and people.

Demand for additional commercial buildings at one of our popular business parks is being satisfied by new buildings being constructed to help expanding city firms grow and to attract new investment into Plymouth.

Over 1,000 businesses applied for the ARG before it closed on 4 May.

Applications for the third round of Additional Restrictions Grant (ARG) funding have now closed. As anticipated, this fund was very popular and has been oversubscribed with more than 1,100 applications for £800,000 of funding.    

Plymouth City Council has a further £800,000 of Additional Restrictions Grant (ARG) funding to distribute in grants to local businesses, helping them to recover from the impact of Covid-19.

Since opening applications for the Restart Grant on Monday 12 April we have received over 1,000 applications. 472 of these applications have been approved.

Plymouth businesses are now able to apply for the new Restart Grants. The Restart Grant scheme is designed to help rate-paying non-essential retail, hospitality, accommodation, leisure, personal care and gym businesses reopen safely, as Covid-19 restrictions are lifted.

We have received the government guidance for the Restart Grants and are currently working on a process to administer these grants, along with a third wave of ARG funding.

Plymouth City Council has distributed nearly £75 million in grants to support local businesses through coronavirus restrictions since April 2020, but many businesses still haven’t claimed the financial support they’re entitled to. 

We are pleased to confirm that all outstanding ARG applications have now been verified, and we are working to automate payments for the LRSG payment.