In response to the coronavirus outbreak the Government announced there would be support for small businesses, and businesses in the retail, hospitality and leisure sectors.
The support takes the form of two grant funding schemes, the Small Business Grant Fund (SBGF) and the Retail, Hospitality and Leisure Grant Fund (RHLG).
How much funding will be provided to businesses?
• Properties which on 11 March 2020 were eligible for Small Business Rate Relief will be eligible for a payment of £10,000
• Businesses that would have been in receipt of the Expanded Retail Discount (which covers retail, hospitality and leisure)
on 11 March 2020 had that scheme been in force for that date, with a rateable value of less than £51,000 will be eligible for a payment of:
ºA property that has a rateable value of up to and including £15,000 will receive a grant of £10,000
ºA property that has a rateable value of over £15,000 and less than £51,000 will receive a grant of £25,000
*Businesses will only receive one grant per property. Ratepayers eligible for the SBGF grant will not be eligible for the RHLG grant.
Exclusions to grants
• Properties occupied for personal uses. Examples of where there may be personal use include private stables and loose boxes, beach huts and moorings.
• Car parks and parking spaces
• Businesses which as of the 11 March 2020 were in liquidation or were dissolved
How to make a claim
To make an online claim you will need to provide details about the business, this could be:
• your business rate account reference
• the name of the business as it appears on your recent bill
• VAT Registration number
• Your company number, as registered with Companies House
• Business Name, as registered with Companies House
• Your bank account details
Payments will be made by Bacs to your business account as soon as possible.
Start an online claim
The Government will not accept deliberate manipulation and fraud - and any business caught falsifying their records to gain additional grant money will face prosecution and any funding issued will be subject to clawback.