Government grants to small business and the retail, hospitality and leisure industry
The Government has announced a range of cash grant payments to small businesses and also to those businesses in the retail, leisure and hospitality sectors to support them during the COVID-19 pandemic.
Discretionary Grant Fund
The Government has announced a new discretionary extension to the current Business Support Grant Scheme and some extra monies (£1.7m for Warwick District Council) will be made available to fund this.
The scheme was announced on the 1 May, and the full guidance from the Government was received by Local Authorities late on 13 May. As it’s a discretionary scheme, Councils now need to write their own policy for this. The Government stated that they do not expect any payments on this scheme to be made until June, due to its complexity.
As soon as we have the full details and policy for the scheme and are in a position to pass on this information we will do so. Please keep an eye on our website for updates.
Small business and retail, leisure & hospitality grants
Local authorities have been asked to administer these cash grants and have today received the further guidance from Central Government on how to operate this scheme. As at today, the Council is working flat out to ascertain what mechanisms it needs to put in place to get the grant to the businesses that qualify as quickly as possible. This process will take a few days however. Rest assured that businesses will receive the money into their bank accounts without any unnecessary delay, but it is vital that we do this correctly so that the right amount of money is paid to the right business and the right bank account.
We have sent letters and e-mails to all eligible businesses, containing the necessary information and a link to complete the online form, which will enable us to pay the appropriate grants. We hope to be in a position to begin making payments the week commencing 6 April.
The brief qualifying conditions for the grants are below.
Small Business Grant Fund
Qualifying Businesses - Businesses with a rateable value of £15,000 or less, already in receipt of Small Business Rate Relief or the Rural Rate Relief Scheme.
- Amount of grant - £10,000
Retail, Hospitality and Leisure Business Grants Fund
This grant is available to those businesses which qualify for the Expanded Retail Discount Scheme, with a rateable value below £51,000 – and as such have had their Business Rates bills reduced to zero for the financial year 2020/2021.
Amount of grant:
- £10,000 for properties with a rateable value of £15,000 or less;
- £25,000 for properties with a rateable value of more than £15,000 but less than £51,000