Are You Eligible For The Coronavirus Business Support Grant Funding? Only 50% of Eligible Businesses Have Applied
Posted 22/04/2020
As at 20th April 2020, only 50% of businesses who have been identified as possibly being in scope to receive a Grant by their Local Authority, have claimed and received the payment. https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/880286/200420_local_authority_grant_payments.csv/preview
Specifically:
Cheshire East – of 7,033 eligible businesses, only 3,028 have claimed
Cheshire West & Chester – of 5,971 businesses, only 3,880 have claimed
Staffordshire Moorlands – of 2,079 businesses, only 1,313 have claimed
Stoke-on-Trent – of 4,811 businesses, only 2,959 have claimed
The Small Business Grants Fund is a £10,000 grant per eligible business which on 11 March did not pay business rates because they were eligible for relief under the Small Business Rate Relief Scheme (including those with a rateable value between £12,000 and £15,000 which receive tapered relief) or the Rural Rate Relief Scheme.
The Retail, Hospitality and Leisure Business Grants Fund applies to businesses that were eligible on 11 March for a discount under the Expanded Retail Discount scheme and with a rateable value of less than £51,000:
- eligible businesses in these sectors with a property that has a rateable value of up to and including £15,000 will receive a grant of £10,000
- eligible businesses with a property that has a rateable value of over £15,000 and less than £51,000 will receive a grant of £25,000
If you think that you may not be eligible for either Scheme but have not yet been notified by them, please contact your Local Authority directly.
For more information on these Schemes, please see:
- Support for Businesses that pay little or no business rates https://www.h-m.co.uk/news/practice-news/support-for-businesses-that-pay-little-or-no-business-rates/
- Support for Retail, Hospitality & Leisure Businesses That Pay Business Rates https://www.h-m.co.uk/news/practice-news/support-for-retail-hospitality-and-leisure-businesses-that-pay-business-rates/
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