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Covid -19 Small Business Grants Fund and RHLG

Covid-19 Small business grants fund
Grants are being paid out NOW

If you already claim Small Business Rates Relief on your premises

How much funding will be provided to businesses?

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

Small Business Grant Fund Eligibility – Businesses with a property that on the 11 March 2020 were eligible for Small Business Rate Relief (SBRR) Scheme (including those with a Rateable Value between £12,000 and £15,000 which receive tapered relief). Businesses which on 11 March 2020 were eligible for relief under the Rural Rate Relief Scheme are also eligible for this scheme.

Eligible recipients will receive one grant per property.

You cannot get SBGF for: • Properties occupied for personal uses, such as private stables and loose boxes, beach huts and moorings. • Car parks and parking spaces.

Businesses which as of the 11 March were in liquidation or were dissolved will not be eligible to claim.

How will the grants be provided?
Central Government will provide funding to Local Authorities that are responsible for business rate billing. Those Local Authorities will contact eligible businesses to arrange payment of the grants. In North Norfolk, Norwich City and Essex these grants are being paid out to eligible businesses now – 8/4/20

If you have not received a letter or e-mail and especially, if you cannot access the office/premises mail, please call your council to get the process started – persevere to get through and the process is swift.

 

On line shops

If you are in receipt of the Expanded Retail Discount

Under the Retail, Hospitality and Leisure Grant (RHLG) eligible 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 a cash grants of £10,000 or £25,000 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.

Eligible businesses in these sectors 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 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.

How will the grants be provided?
Central Government will provide funding to Local Authorities that are responsible for business rate billing. Those Local Authorities will contact eligible businesses to arrange payment of the grants.

Follow the latest and stay up to date with Gov.uk

https://www.gov.uk/government/publications/coronavirus-covid-19-business-support-grant-funding-guidance-for-businesses