The Government has confirmed that more than £6 billion in grant funding is still available to help businesses in England during the COVID-19 outbreak.
Of the £12.3 billion allocated to local authorities in England to help businesses, just 50% has been claimed so far. This means that more than £6 billion can be applied for by firms needing up to £25,000 to support their finances during the coronavirus lockdown
The Small Business Grants Fund, announced in Budget 2020, is a £10,000 grant for businesses which on 11th March were eligible for Small Business Rate Relief, including those with a rateable value of between £12,000 and £15,000, or Rural rate Relief.
The Retail, Hospitality and Leisure Business Grants Fund was announced on 17th March for businesses eligible on 11th March for a discount under the Expanded Retail Discount Scheme and with a rateable value of less than £51,000. The grant is £10,000 for businesses with a rateable value up to and including £15,000, and £25,000 where the rateable value is between £15,000 and £51,000.
Grants are also available in respect of each property, so some businesses with more than one outlet may be able to claim more than one grant.
If you think you may be eligible for your grant, but haven’t received it yet, please contact us on 0800 0523 555 for assistance with this and the many other schemes available to support you and your business through these difficult times.
Date published 21 Apr 2020 | Last updated 23 Sep 2020
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