Updated Guidance Covid 19 Business Support Grants

Update to the Original Article (14.05.20)

Community halls and day centres could be set for a much needed financial boost.

Properties occupied by charities can now apply for the £10,000 Small Business Grant Scheme to help with pressures caused by the coronavirus pandemic.

The extension of the scheme is expected to result in up to £31 million being made available to more than 3,000 small properties occupied by charities – including day centres, workshops and halls. It will apply to properties which are in receipt of any charitable rate relief or sports relief, but are otherwise eligible for the small business bonus scheme.

The Small Business Grant Scheme is administered by local authorities and organisations can apply for the scheme through their local council.

Original Article

Responding to the coronavirus outbreak, the Government announced there would be support for small businesses and those in the retail, hospitality and leisure sectors. This support will take the form of two grant funding schemes.

Under the Small Business Grant Fund (SBGF), all businesses in England in receipt of Small Business Rates Relief (SBRR) and Rural Rates Relief (RRR) in the business rates system will be eligible for a payment of £10,000.

Under the Retail, Hospitality and Leisure Grant (RHLG), 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 will be eligible for the following cash grants per property:

  • Businesses with a property that has a rateable value of up to £15,000 will receive a grant of £10,000.
  • Those with a property that has a rateable value of over £15,000 and less than £51,000 will receive a grant of £25,000.

Businesses do not need to take any action to apply for these grants. Their local authority will write to them if they are eligible for grant funding. The Government will reimburse local authorities when they pay these grants out to eligible businesses in their area.

Business rate holiday changes will apply to the next council tax bill in April 2020.

These schemes were originally announced at Budget 2020 and the level of funding was increased in a statement from the Chancellor on 17 March 2020.