Originally written by Timothy Adler on Small Business
The government has announced a new £1,000 small business grant for any small business in England affected by a local lockdown.
Businesses that are forced to shut because of local COVID-19 lockdowns will be able to claim up to £1,500 per property every three weeks.
Local authorities will administer the new small business local lockdown grant. You can find the full list of local authorities here.
See also: How to claim your £1,500 Kickstart Scheme grant
If a business occupies a premises with a rateable value less than £51,000 or occupy a property or part of a property subject to an annual rent or mortgage payment of less than £51,000, it will receive £1,000.
If a business has a rateable value more than £51,000 or part of a property subject to an annual rent or mortgage payment of more than £51,000, it will receive £1,500.
Extra discretionary funding
Local authorities will also receive an additional 5 per cent top up amount of business support funding to enable them to help any other small business affected by local lockdown which may not be on the business rates list. Payments made to businesses from this local authority discretionary fund can be any
Tag Archive for Hospitality and Leisure Businesses Grants Fund
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Where to find your £1,000 small business lockdown grant
by Timothy Adler • • 0 Comments
Originally written by Timothy Adler on Small Business
The government has announced a new £1,000 small business grant for any small business in England affected by a local lockdown.
Businesses that are forced to shut because of local COVID-19 lockdowns will be able to claim up to £1,500 per property every three weeks.
Local authorities will administer the new small business local lockdown grant. You can find the full list of local authorities here.
See also: How to claim your £1,500 Kickstart Scheme grant
If a business occupies a premises with a rateable value less than £51,000 or occupy a property or part of a property subject to an annual rent or mortgage payment of less than £51,000, it will receive £1,000.
If a business has a rateable value more than £51,000 or part of a property subject to an annual rent or mortgage payment of more than £51,000, it will receive £1,500.
Extra discretionary funding
Local authorities will also receive an additional 5 per cent top up amount of business support funding to enable them to help any other small business affected by local lockdown which may not be on the business rates list. Payments made to businesses from this local authority discretionary fund can be any
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You have just one month to claim up to £1.6bn in unspent grants
by Timothy Adler • • 0 Comments
Originally written by Timothy Adler on Small Business
Small businesses have until the end of August to claim up to £1.6bn in unspent grants through the Government’s COVID-19 emergency help schemes.
Business secretary Alok Sharma has written to local authorities asking them to return £1.6bn in currently unspent grants issued through either the £25,000 retail, leisure and hospitality scheme or the separate £10,000 scheme for firms eligible for small business rates relief by Friday, August 28.
This is despite thousands of businesses that have applied for grants still waiting for the money to hit their accounts.
>See also: How to get the government’s £10,000 cash grant for small businesses
Two schemes worth £12.4bn were set up in March to provide payments through the business rates system as Britain went into lockdown.
Shops, hotels, restaurants and other leisure businesses whose premises’ rateable value – which determines how much commercial property tax they pay – is between £15,000 and £51,000, are eligible for a £25,000 grant through the Retail, Hospitality and Leisure Grants Fund.
Separately, any business qualifying for small business rate relief or rural rates relief is eligible for a grant of £10,000 through the Small Business Grant Fund (SBGF), as is any business in the retail, leisure
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Where to find your small business coronavirus grant
by Small Business Team • • 0 Comments
Originally written by Small Business Team on Small Business
Responding to the coronavirus (Covid-19) pandemic, the government announced there would be support for small businesses and businesses in the retail, hospitality and leisure sectors. This small business coronavirus grant will take the form of two funding schemes:
The Small Business Grant Fund – a one-off grant of £10,000 for eligible businesses to help meet their ongoing business costs
Retail, Hospitality and Leisure Grant – a cash grant of up to £25,000 per property if you are eligible (businesses with a property that has a rateable value of over £15,000 and less than £51,000)
So far, about 50 per cent of businesses eligible for the coronavirus small business grant have received their cash but some councils have only distributed a tenth of the money due to small businesses, according to the business ministry.
See also: How to get the government’s £10,000 cash grant for small businesses
As of April 20, £6.11bn has been paid out to 491,725 business properties in England.
Because grants are allocated per business property, a single business can receive multiple grants and may receive grants from separate local authorities.
English Local Councils Coronavirus Grants
Local Authority Initial Allocation (£)No. of eligible small businesses as of April