Tax and accounts software for accountants, tax specialists, SMEs and business owners

Small Business Grants

Small Business Grant (up to £10,000)

The Government will provide a one-off grant of £10,000 to businesses receiving Small Business Rate Relief (SBRR) or Rural Rate Relief (RRR).

Am I eligible?

You're eligible if your business:

  • is based in England
  • occupies property
  • was eligible for small business rate relief (rateable value of property is less than £15,000) or rural rate relief on 11 March 2020

Properties occupied for personal use or car parking spaces are not eligible.

Please note if your business claims any form of State Aid including R&D Claims then extra care must be taken with regard to de minimis State Aid restrictions.

How to access the scheme

Your local authority will contact you directly about this scheme. If you have not been contacted and believe that you would be eligible then please check your local authority website for guidance on how best to contact them.


Cash grants for retail, hospitality and leisure businesses (up to £25,000)

The Retail and Hospitality Grant Scheme provides businesses in the retail, hospitality and leisure sectors with a cash grant of up to £25,000 per property.

Businesses in these sectors with a property that has a rateable value of £15,000 and under will receive a grant of £10,000.

Businesses in these sectors with a property that has a rateable value of between £15,000 and £51,000 will receive a grant of £25,000.


Am I eligible?

Businesses are eligible for the grant if they are:

  • based in England
  • in the retail, hospitality and/or leisure sector

Properties that will benefit from the relief will be occupied hereditaments that are wholly or mainly being used:

  • as shops, restaurants, cafes, drinking establishments, cinemas and live music venues
  • for assembly and leisure, such as sports clubs, gyms or spas
  • as hotels, guest and boarding premises and self-catering accommodation
  • as estate or letting agents

If you are an eligible business using more than one eligible property, several grants may be claimed.

NB. You cannot claim both the retail, hospitality and leisure grant and the small business grant on the same property.

Please note if your business claims any form of State Aid including R&D Claims then extra care must be taken with regard to de minimis State Aid restrictions.

How to access the scheme

You do not need to do anything. Your local authority will write to you if you are eligible for this grant. If you have not been contacted and believe that you would be eligible then please check your local authority website for guidance on how best to contact them.


Coronavirus local authority discretionary grants fund

The Discretionary Grant Fund supports small and micro businesses with fixed property costs that are not eligible for the other grant schemes. Grants of £25,000, £10,000 or any amount under £10,000 can be awarded.

Am I eligible?

You're potentially eligible if your business:

  • is based in England
  • has fewer than 50 employees
  • has fixed building costs such as rent
  • was trading on 11 March 2020
  • has been adversely impacted by the coronavirus

Local Authorities will prioritise businesses such as:

  • small businesses in shared offices or other flexible workspaces, such as units in industrial parks or incubators
  • regular market traders
  • bed and breakfasts paying council tax instead of business rates
  • charity properties getting charitable business rates relief, which are not eligible for small business rates relief or rural rate relief

How to access the scheme

Please refer to your Local Authority website for details on how to apply. Proof of Coronavirus impact on income and cashflows will be required – usually in the form of accounts and or/ bank statements showing the negative impact compared to a comparative period.

Don’t delay – there is a current deadline for applications of 30th June 2020.

Our sister company Price Pearson would be happy to assist with any application for a Discretionary Grant, and with providing the necessary figures showing how the business has been impacted.



 

Last Updated: 17 Jun 2020 4:40 PM