Help for Businesses
Grants for businesses (Covid-19)
In response to the coronavirus, covid-19, the Government announced there would be support for businesses. Updated guidance for businesses was published by the Government on the 1st May 2020 and can be found on the GOV.UK website.
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 11th March 2020 were eligible for percentage relief under the business rate small business rate relief scheme.
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.
Retail, hospitality and leisure grant fund
Businesses which on the 11th 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.
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 the 11th 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 1st July payment will be an issue. To request this, please contact email@example.com.
The Government have announced a £617m discretionary fund for local authorities in England to help businesses impacted by coronavirus. This is to help businesses who have ongoing fixed property-related costs and were previously outside the scope of the business grant funds scheme. The guidelines and criteria are currently being establised but further information can be found at https://www.gov.uk/government/news/top-up-to-local-business-grant-funds-scheme.
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 on the Business Bolton website.
Discretionary grants fund
This additional fund is aimed at small and micro businesses who were not eligible for the earlier grants (small business grant fund or retail, leisure and hospitality fund). The government is asking local authorities to prioritise the following types of businesses for grants from within this funding pot:
Small businesses in shared offices or other flexible workspaces which do not have their own business rates assessment
Regular market traders with fixed building costs, such as rent, who do not have their own Business Rates assessment
Bed & Breakfasts which pay Council Tax instead of Business Rates, and
Charity properties in receipt of charitable business rates relief which would otherwise have been eligible for Small Business Rates Relief
The Discretionary Grant scheme has now closed. Further details on any future funding will be published here. If you need business support or advice, please contact firstname.lastname@example.org.
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