Small Business Grant Scheme
The Government is providing additional funding for Local Authorities to support small businesses that already pay little or no business rates because of small business rate relief (SBRR), rural rate relief (RRR) and tapered relief.
This will provide a one-off grant of £10,000 to eligible businesses to help meet their ongoing business costs.
Expanded Retail Discount Grant
The Government’s package of measures to support businesses include grant funding of up to £25,000 for businesses in receipt of the Expanded Retail Discount (which covers retail, hospitality and leisure businesses) which, as at 11 March 2020, have a property with a rateable value of less than £51,000.
The guidance states that:
- For businesses in these sectors with a rateable value of up to £15,000, they will receive a grant of £10,000
- For businesses in these sectors with a rateable value of between £15,000 and £51,000, they will receive a grant of £25,000