In line with the conditions set by the government, a ratepayer may only claim up to £110,000 of support under this scheme for all of their eligible hereditaments.
This cash cap applies:
- at a group company level (so holding companies and subsidiaries cannot claim up to the cash cap for each company)
- to non-company organisations who have such an interest in a company that they act like a holding company
The scheme is also subject to the Minimal Financial Assistance limits under the Subsidy Control Act. This means no recipient can receive over £315,000 over a 3-year period (consisting of the current financial year and the two previous financial years).
The following are included in the £315,000 allowance:
- Covid business grants received from local government
- any other subsidy claimed under the Minimal Financial Assistance or Small Amounts of Financial Assistance
Extended retail discounts granted in 2021/22 do not count towards the limit.