New Grant Funding Available for Charity Retailers

Mar 12, 2021
Author: Simon Bladen
Simon is one of the firm's Audit Partners. Simon is responsible for looking after the firm’s legal, charitable and not-for-profit clients.
Charity retail

Charity retailers can now access up to an additional £9m in grant funding if certain criteria are met. This is due to the government lifting the allowance limits previously capped by an outdated EU ruling. The Charity Retail Association and Charity Tax Group had correctly pointed out that charity shops were being denied access to lockdown grants due to old EU state aid rules being applied (despite the UK no longer being bound by them). This resulted in confusion regarding the grant limits with the situation not helped by a lack of communication from the government and local authorities.

Now that the situation has been cleared up, charities with substantial leisure, hospitality, and retail property portfolios, including charity shops, should be able to access a business grant worth up to £1.9m, increased from the previous limit of around £860,000.

Charities that meet additional criteria (for example a 30% reduction in turnover) may be eligible for an additional £9m, increased from around £2.6m.

The deadline for the first application is 31 March 2021. Further information containing guidance, criteria, and deadlines can be found here.

 

How can we help?

At Hawsons we have a dedicated team of charity accountants at our offices in Sheffield, Doncaster, and Northampton. Our dedicated team fully understands the complex, ever-changing regulatory requirements of the charity and not-for-profit sector. Irrespective of your size we wish to support you to maximise the benefits you could achieve through our specialist professional advice.

Free initial meeting

Simon Bladen

Partner

slb@hawsons.co.uk

More from our charity experts

You can find all of our latest charity sector news and newsletters here.

If you are looking for advice in a particular area, please get in touch with your usual Hawsons contact.

Alternatively, we offer all new clients a free initial meeting to have a discussion about their own personal circumstances – find out more or book your free initial meeting here. We have offices in Sheffield, Doncaster and Northampton.

More similar content

Alternative Sources of Charity Funding

The Importance of Diverse Funding In the UK, charities play a key role in supporting communities, addressing issues within our society and changing people’s lives for the better. But for charities to be able to deliver these vital services they need to be able to...

Charity Recruitment Issues
Charity Recruitment Issues

According to a recent study by Pro Bono Economics over half of charities (54%) have vacancies they are looking to fill. Furthermore, 83% of charities are finding it challenging to recruit as they attempt to meet increasing demand.   Recruitment issues These...

Charities set to receive £31m from Dormant Assets

Hundreds of charities and social enterprises across the UK are set to receive a share of tied up and forgotten accounts worth millions. There is £800m worth of dormant assets and the government has recently announced how £76m of these assets will be distributed. The...