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Business Support Grant

6th January 2021

The Chancellor has recently announced that as a result of the new lockdown, businesses that trade in the retail, hospitality or leisure sector will be able to receive a one off grant worth up to £9,000 per property. The level of grant awarded is dependent on the rateable value of the property.

This grant is awarded to business in the above sector who have been forced to closed until mid February and are unable to operate remotely. The grants awarded are not repayable.

The value of the grants awarded will be as follows:

  • Businesses with a property with a rateable value of £15,000 or less will receive £4,000.
  • Businesses with a rateable property value between £15,000 and £51,000 will receive £6,000.
  • Businesses which have a rateable property value in excess of £51,000 will receive £9,000.

How Do I Apply

In order to apply for this grant you will need to contact your local authority. The link for finding the website of your local council may be found below:

https://www.gov.uk/find-local-council

What Do I Need To Apply

It is understood that when making the application the following information will be needed from the business owner:

  • Passport/driving license number.
  • Business rates account number
  • VAT registration number (if applicable)
  • Company registration number.
  • Unique Tax payer reference number.
  • Copies of business bank statements.

Grants For Closed Businesses

The above new one off grant announced by the Chancellor comes in addition to the £3,000 grant that was available for closed businesses.

By way of a reminder this grant was awarded to businesses that were forced to close from 5 November 2020. If the business was able to operate remotely then it would not be eligible for the grant.

The grant is awarded for each non-domestic property and is awarded as follows:

  • Rateable value of less than £15,000, then a grant of £1,334 is available for each 28 day restriction period.
  • Rateable between £15,000 and £51,000, a grant of £2,000 is available for each 28 day restriction period.
  • If the rateable value exceeds £51,000, then a grant of £3,000 is available for each restriction period.

Applications for this grant are done by contacting your local authority as per the link given above.

What About Other Business Sectors

The government announced that a further £594 million has been made to local authorities for businesses not eligible for the new grant but who have been affected by the new restrictions that have been imposed.

The above has been introduced as the government recognise that not all affected businesses pay business rates, e.g. market traders.

In order to apply for these grants you will need to contact your local authority using the link given above.

For further advice or guidance contact a member of our team.

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