Financial Assistance By Local Council – Grants

Published by Rana Zubair posted in Business, COVID-19 on 3 April 2020

e Financial Assistance By Local Council – Grants

The government has announced two major incentives for local businesses affected by the coronavirus: a business rates holiday for the year 2020-21 and cash grants for small businesses. Local Councils or Authorities will deliver the grants to eligible businesses within their boroughs.

There are two types of grants funding schemes:

• the Small Business Grant Fund (SBGF)
• the Retail, Hospitality and Leisure Grant Fund (RHLG).

Summary of available Grants:

Scheme	Small Business Grant Fund (SBGF)	Retail, Hospitality and Leisure Grant Fund (RHLG)
Available to:
	All businesses in England in receipt of Small Business Rates Relief (SBRR) and Rural Rates Relief (RRR) in the business rates system	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
How much
	£10,000	£10,000 for premises with a rateable value of up to £15,000
		£25,000 for premises with a rateable value of over £15,000 and less than £51,000
Eligibility criteria
	Premises which on the 11 March 2020 were eligible for relief under the business rate Small Business Rate Relief Scheme (including those with a Rateable Value between £12,000 and £15,000 which receive tapered relief)	Premises which on the 11 March 2020 had a rateable value of less than £51,000 and would have been eligible for a discount under the business rates Expanded Retail Discount Scheme
	Premises which on 11 March 2020 were eligible for relief under the rural rate relief scheme
Exclusions
	Premises that were not eligible for percentage SBRR relief (including those eligible for the Small Business Rate Multiplier)	Premises with a rateable value of over £51,000
	Premises occupied for personal uses, e.g. private stables and loose boxes, beach huts and moorings	These aroccupied for personal uses, e.g. private stables and loose boxes, beach huts and moorings
	Car parks and parking spaces	Car parks and parking spaces
	Businesses which as of the 11 March were in liquation or were dissolved	Businesses which as of the 11 March were in liquation or were dissolved