• Grant funding for Business

    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.

     

    FAQs

     

    Are these grants taxable?

     

    The government have confirmed that these grants will be taxable as income. The business can then claim tax relief on the expenditure supported by the grant. Updated 27/04/20.

     

    External links

     

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

     

     

     

COVID-19: Grant funding for Business - Updated: 27 April 2020

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