Originally written by Anna Jordan on Small Business
The Government recently announced a Restart Grant for small businesses in England, launching this April.
What is the Restart Grant?
The Restart Grant is a new fund for business owners, helping them through what is hoped will be the final stages of Covid-19 restrictions.
It will replace the monthly Local Restrictions Support Grant (Closed) and Local Restrictions Support Grant (Open) – these will both close at the end of March.
Around 700,000 businesses in England will be eligible for the grant.
Commenting on the Restart Grant, Institute of Directors director general Jonathan Geldart said: “Restart grants and ongoing business rates relief give a cashflow boost to many firms that will struggle to make full productive use of their properties as restrictions linger.”
Mike Cherry, chairman of the Federation of Small Businesses, said it was key that the very smallest businesses get hold of their Restart Grants.
How much will I get?
Non-essential retail will receive up to £6,000 per premises. Gyms, leisure, personal care, accommodation and hospitality businesses will receive up to £18,000.
The sum you’ll receive is based on your rateable value.
If your rateable value is £15,000 or less, you can claim up to £8,000
If it’s between £15,000 and £51,000, you