Businesses in the Borough reminded to apply for non-repayable government grants
A reminder to local businesses to apply for non-repayable government grants
We are reminding business rate payers in the Borough to apply for the non-repayable Business Rates Grant before the 28 August deadline.
Businesses that are eligible could receive a £10k or £25k grant which they are not required to pay back, which is the case with some of the loan schemes. The grant is aimed to help businesses affected by the pandemic and companies will receive varying amounts depending on their size. If a company is in receipt of Small Business Rate Relief or is a business in retail, hospitality or the leisure sector and have a Rateable Value of £51,000 or less, they can complete the form to be assessed for eligibility for any grants or reliefs.
If you are a business rate payer in Eastleigh Borough we are urging you to apply for the Business Rates Grant if you have not yet received any financial support during the coronavirus pandemic, as the deadline has been extended to 28 August.
During the coronavirus pandemic our Economy Team has already paid out over £17.5 million to 1,561 businesses across the Borough through the Business Rates Grants as well as other government funded schemes including the discretionary grant.
A total of £16,665,000 has been paid through the Business Rates Grant to 1,263 companies and a total of £968,500 was paid to 298 businesses through the Discretionary Grants scheme.
To be eligible businesses must pay Non-domestic Rates, have a rateable value below £51,000 and be in the qualifying sector. Businesses can complete an online form to find out if they are entitled to receive the grants or contact email@example.com
The Economy Team will process the applications for these grants and let business owners know if they have been successful.