Cash grants to support businesses during the COVID-19 crisis.

  • The Small Business Grant Fund (SBGF) provides grant funding for businesses eligible for Small Business Rates Relief (SBRR) and Rural Rates Relief (RRR). 
  • A Retail, Hospitality and Leisure Grant (RHLG) is provided to businesses in England in receipt of the rates Expanded Retail Discount with a rateable value of less than £51,000.

Grant

Eligibility criteria

£10,000 Any business eligible for Small Business Rates Relief (SBRR) and Rural Rates Relief (RRR)
£10,000 A retail, hospitality and leisure business with a rateable value of up to £15,000
£25,000 A retail, hospitality and leisure business rateable value of over £15,000 and less than £51,000
£ nil Businesses with a rateable value of £51,000 or over are not eligible for this scheme

 

Hereditaments (premises) included in this scheme are those which on the 11 March 2020 were eligible for relief under the business rate Small Business Rate Relief Scheme (including those with a Rateable Value between £12,000 and £15,000 which receive tapered relief) or are eligible to the Expanded Retail Discount and have a rateable value of less than £51,000.

Excluded properties

  • Hereditaments occupied for personal uses. Examples of where there may be personal use include private stables and loose boxes, beach huts and moorings.
  • Car parks and parking spaces.
  • Businesses which as of the 11 March were in liquation or were dissolved.
  • Hereditaments with a rateable value of over £51,000.

Only one grant may be awarded per hereditament.

Anti-fraud: any business caught falsifying their records to gain additional grant money will face prosecution and any funding issued will be subject to clawback.

External links

Small Business Grant Fund and Retail, Hospitality and Leisure Grant Fund Guidance

 

 

Comments (2)

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Will the £10k business grant be taxable ?

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What David asked....

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