Coronavirus Small Business Grant Fund – does your council have the correct details?
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.
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.
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’.