The Additional Restrictions Grant (ARG) provides local councils with grant funding to support closed businesses that do not directly pay business rates as well as businesses that do not have to close but which are impacted.
This could spell good news for driving instructors! Under the eligibility it says "business required to close but which do not pay business rates" which ADIs fall under.
However if your business is in administration, insolvent or has been struck off the Companies House register then you will be ineligible to receive this grant.
Now the amount you’ll receive from the grant is calculated on a business to business basis unlike the SEISS (Self Employed Income Support Scheme) which is a set rate of 80% of your profits. Similarly to the SEISS it is taxable so you will need to report it on your self assessment tax bill.
To apply you must contact your local council, you can do so here - https://www.gov.uk/find-local-council
Read more about the grant here - https://www.gov.uk/guidance/check-if-youre-eligible-for-the-coronavirus-additional-restrictions-grant
Other Grants/Assistance
Self Employed Income Support Scheme
SEISS has been in place since The Self-Employment Income Support Scheme (SEISS) is made up of four taxable Government grants for self-employed individuals.
You can receive up to £7500, the amount you recieve is calculated by you tax return. It currently is 80% of your profit from the last 2/3 years.
Learn more here - https://www.gov.uk/guidance/claim-a-grant-through-the-coronavirus-covid-19-self-employment-income-support-scheme
Universal Credit
The government changed the welfare system so that self-employed people can now access Universal Credit in full.
You can make a claim for Universal Credit and receive a grant however, any grant received will be treated as part of your self-employment income and may affect your amount of Universal Credit.
You can also claim Universal Credit and work part time, again though your income will affect how much UC you receive.
Learn more here - https://www.gov.uk/universal-credit
See our full range of dual-control cars for hire and dual-control cars for sale.