Local councils have made a range of new top-up grants and loans available to small businesses in response to the COVID-19 situation.
Small Business Support Top-up Grants
Details of discretionary grants of up to £10k, £10k and £25k for small businesses not previously qualifying for the Business Rates-related Property Grants.
Available for business:
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have fewer than 50 employees;
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have significant ongoing fixed building related costs (such as rent);
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can demonstrate a significant fall in income in recent months due to Coronavirus restriction measures and;
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were trading before 11 March 2020
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The type of businesses that appear to be able to apply include (but may not apply for every Council):
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Small businesses in shared or other flexible spaces
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Regular market traders who do not have their own Business Rate assessment
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Bed and Breakfasts (who pay Council Tax instead of Business Rates)
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Nurseries not eligible for Small Business Rates Relief
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Certain supply chain businesses supporting the Retail, Leisure or Hospitality sectors
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Charity properties in receipt of Charitable Business Rates Relief (and who would otherwise be eligible for Small Business Rates Relief)
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*If a business has received a £10k or £25k grant already because it benefits from Small Business Rates Relief or is in the Retail, Service and Hospitality Sector then they will not be eligible for this grant.
Follow the link to arrange your free post Covid-19 Recovery Planning consultation with a member of our team.
