News (covid19) - Invest Plymouth

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.

This afternoon the Chancellor, Rishi Sunak, outlined his tax and spend policies in the budget. Below is a summary of the budget for the tourism and hospitality industry. 

Following our update earlier this week, we are pleased to confirm that the 480 eligible priority applications received for the ARG are now being processed and will receive confirmation of payment next week.

We are also confirming today that all remaining eligible businesses who applied for the ARG will receive a payment from this scheme

The roadmap, which has now been published on gov.uk, outlines four steps for easing restrictions. Before proceeding to the next step, the Government will examine the data to assess the impact of previous steps.