Yes, there are limits on the funding amounts for grants available for businesses in Birmingham. Here's a summary of the funding structures based on the type of grant:
| Grant Type | Funding Amount | Eligibility Criteria |
|---|---|---|
| ARG Discretionary Restart Fund | £5,000 | For any sized business in specified sectors* |
| ARG Business Recovery Scheme | £5,000 - £50,000 | Small to Medium Enterprises (SMEs) planning recovery projects |
| ARG2 (Additional Restriction Grant) | £3,000, £5,000, or £10,000 | Based on rateable value of premises |
| Discretionary Business Grant | Up to £25,000 | Based on fixed costs, size of business and turnover |
It's important for businesses to review the eligibility criteria carefully and apply accordingly. For further details or to apply, businesses need to register for a BRUM account. You can apply online here.