Subsidy allowance / subsidy control / state aid
A new domestic subsidy allowance for COVID-19 business support grants took effect on 4 March 2021.
The scheme is covered by three subsidy allowances:
- Small Amounts of Financial Assistance Allowance – you’re allowed up to £335,000 (subject to exchange rates) over any rolling period of 3 years
- COVID-19 Business Grant Allowance – you’re allowed up to £1,900,000
- COVID-19 Business Grant Special Allowance - if you have reached your limits under the Small Amounts of Financial Assistance Allowance and COVID-19 Business Grant Allowance, you may be able to access a further allowance of funding under these scheme rules of up to £10,000,000, provided certain conditions are met
Grants under these three allowances can be combined for a potential total allowance of up to £12,235,000 (subject to exchange rates).
If your business could be subject to the Northern Ireland Protocol, these Allowances may vary under the State aid rules.