Originally written by Timothy Adler on Small Business
The government has bailed out small businesses in co-working spaces and market traders ineligible for coronavirus business grants to the tune of £617m.
This additional £617m will be added to the £12.3bn handed to local authorities for them to distribute to all small businesses, with additional help for those in retail, leisure and hospitality.
Small businesses working out of co-working spaces cried foul that, because they were not directly paying business rates, they were ineligible for either the small business grants fund or the retail, hospitality and leisure grants.
>See also: Nearly 40% of small business grants still unpaid five weeks in
According to research from business rates experts Colliers, more than 10,000 small businesses based in shared offices originally missed out on the grant.
There will be three levels of grant payments from between £10,000 up to £25,000.
However, local authorities can decide to pay amounts of less than £10,000 depending on local needs, if they so wish.
Qualifying businesses
Businesses in shared spaces
Regular market traders
Small charity properties
Bed and breakfasts that pay council tax rather than business rates
Emma Jones, founder small business support network, Enterprise Nation, said: “It is great news that the government has extended grant support to small