Help for Businesses

Grants for businesses (Covid-19) 

In response to the coronavirus, covid-19, the Government announced there would be support for businesses.

Small business grant fund

All businesses in receipt of small business rates relief (SBRR) in the business rates system will be eligible for a payment of £10,000.

Businesses included in this scheme are those which on the 11 March 2020 were eligible for percentage relief under the business rate small business rate relief scheme (rateable value of up to and including £15,000).

Businesses that were not eligible for percentage SBRR relief are excluded from the fund. Properties occupied for personal uses (i.e. the use is not wholly or mainly business use), car parks and parking spaces are excluded from the fund.

Apply for a small business grant

Retail, hospitality and leisure grant fund

Businesses which on 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 (had that scheme been in force for that date) are eligible for the following cash grants per property.

Eligible businesses in these sectors with a property that has a rateable value of up to and including £15,000 will receive a grant of £10,000 (subject to EU State Aid limits).

Eligible businesses in these sectors with a property that has a rateable value greater than £15,000 and less than £51,000 will receive a grant of £25,000 (subject to EU State Aid limits).

Businesses with a rateable value of £51,000 or over are not eligible for this scheme. Businesses which are not ratepayers in the business rates system are not included in this scheme. Properties occupied for personal uses (i.e. the use is not wholly or mainly business use), car parks and parking spaces are excluded from the fund.

Apply for a retail, hospitality and leisure grant

Eligible recipients will receive one grant per hereditament. Payment will be made to the person who, according to the billing authority's records, was the ratepayer in respect of the property on 11 March 2020. The grant is for the ratepayer only and may be liable for recovery if the recipient was not the ratepayer on the eligible day.

Any business caught falsifying their records to gain grant money will face prosecution and any funding issued will be subject to claw back.

In order to pay the grant we need to collect certain information from each business. This includes your business rates account reference and evidence of your bank details. Where this information cannot be provided it will not in itself prevent a payment being made but will increase the time it takes us to process it.

The current estimated time for a payment to be made is 7 working days from the day the information is provided.

For businesses liable for business rates that can’t access the grants announced we will allow, upon request, a delay in the first instalment due date to 1 July 2020, spreading the remaining instalments over the rest of the year. Businesses can contact us again in June 2020 if the 1 July payment will be an issue. To request this, please contact business.rates@bolton.gov.uk.

Information on the other support currently available from the government e.g. support with tax and vat, statutory sick pay, new loan facilities, support for self-employed and coronavirus job retention scheme (furlough scheme) and further information can be found at the Business Bolton website.