Emergency Support for Businesses
In response to the Coronavirus, Covid – 19, the Government announced there would be support for small businesses, and businesses in the retail, hospitality and leisure sectors which were currently liable for Business Rates.
This support will take the form of two grant funding schemes:
- the Small Business Grant Fund (SBGF); and
- the Retail, Hospitality and Leisure Grant (RHLG)
Who will benefit from these schemes?
Businesses eligible for Small Business Rate Relief on the 11th March 2020 will be eligible to receive a business support grant of £10,000.
Businesses that were eligible for Retail Relief on 11th March. For properties with a rateable value of less than £15,000 the grant will be £10,000; for properties with a rateable value of between £15,000 and £51,000, the grant will be £25,000.
Grants will be available per property and will subject to State Aid de minimis rules.
How to apply: