Grants for small businesses - Coronavirus update
The Government has introduced measures and published details of grants in support of Small Businesses, as the country experiences the COVID-19 pandemic.
Small Business Grant Fund
Under the Small Business Grant Fund, all businesses in England in receipt of Small Business Rates Relief (SBRR) and Rural Rates Relief (RRR) in the business rates system will be eligible for a payment of £10,000.
Retail, Hospitality and Leisure Grant
Under the Retail, Hospitality and Leisure Grant, businesses in England in receipt of the Expanded Retail Discount (which covers retail, hospitality and leisure) with a rateable value of less than £51,000 will be eligible for the following cash grants per property;
- Rateable value of up to £15,000 will receive a grant of £10,000
- Rateable value of over £15,000 and less than £51,000 will receive a grant of £25,000.
To allow the Council to help get the grants to businesses quicker we need to make sure we have up to date business banking details. If you pay your Business Rates by BACS we already have your details and will use this account to pay you the grant. If the Council doesn’t have your details, either because you pay your rates by another method or you qualify for a relief, and you want us to send the money direct to your bank please make sure you include them in the application.
We aim to process your grant within the next seven to ten days.
We are currently receiving a large volume of applications, thank you for your patience as we work through them all.