PLEASE NOTE THAT THE INFORMATION ON THIS PAGE MAY NO LONGER BE CURRENT. During the coronavirus pandemic, important news and announcements are being made daily. Official advice can change from one day to the next. We are doing our best to keep our COVID-19 information up to date on these two pages - but we recommend you check any information with official government, NHS or other responsible sources before acting on it.

COVID-19 advice and updates for SMEs and the self-employed

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COVID-19 personal finances advice and updates

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Coronavirus Small Business Grant Fund

If your business qualifies for Small Business Rate Relief (SBBR) or Rural Rate Relief, then you should qualify for the Coronavirus Small Business Grant Fund. This will provide you with a one-off grant of £10,000 to meet your ongoing business costs.

A similar scheme – the Retail, Hospitality and Leisure Grant – covers businesses in receipt of the Expanded Retail Discount and which have a rateable value of under £51,000. Eligible businesses with a rateable value of up to £15,000 will get a £10,000 grant. Those with a rateable value of over £15,000 and less than £51,000 will receive a grant of £25,000.

Official guidance for both schemes is available here.

Don’t miss out on your grant

Both schemes are administered by local authorities. However, it has emerged that some councils may be having difficulty identifying all qualifying businesses in their areas. For example, Colchester Borough Council says:

The council is currently working hard to identify all those who may be eligible for the Small Business and Retail Grants. Teams are calling, texting, emailing and writing to businesses depending on the contact information the council currently holds. 

In the light of this, it is absolutely essential that your local authority holds up-to-date information about your business. If it doesn’t, there’s a chance that your coronavirus small business grant fund payment will be delayed.

Payments under the Small Business Grant Fund / Retail, Hospitality and Leisure Grant may be being made as soon as the next few days, so we strongly recommend that if you don’t hear from your council very soon, you get in touch with them to check they hold the correct details for your firm.

If you have any questions about the schemes, please do get in touch with THP.

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About Ben Locker

Ben Locker is a copywriter who specialises in business-to-business marketing, writing about everything from software and accountancy to construction and power tools. He co-founded the Professional Copywriters’ Network, the UK’s association for commercial writers, and is named in Direct Marketing Association research as ‘one of the copywriters who copywriters rate’.

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