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Covid-19 - Business Support

There were further announcements of support. In addition to the extension of the furlough and business loan schemes already announced, on 5 January the Chancellor announced that there would be further support worth £4.6 billion for businesses in the retail, hospitality and leisure sectors that have been forced to close. This comes in the form of a new one-off grant, based on the rateable value of their non-domestic premises as follows:
 
£4,000 for businesses with a rateable value of £15,000 or under
£6,000 for businesses with a rateable value between £15,000 and £51,000
£9,000 for businesses with a rateable value of over £51,000
 
These grants follow the same structure as the previous rates-based grants and will again be claimed via the Local Authority (LA) rather than Central Government.  Details of the eligibility criteria for England can be found here. At the time of writing, many council websites contain a brief statement confirming the 5 January announcement, but with no facility to apply. Potentially eligible businesses should check with their LA and ask to be kept up to date as to the application process and dates.
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Added By: Sharon Worger on 02nd Feb 2021 - 15:12
Last Updated: 05th Feb 2021 - 13:30

Number of Views: 36
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