Small Business and Retail, Hospitality and Leisure Grants - Coronavirus update
Small Business Grant
Businesses in England in receipt of Small Business Rates Relief (SBRR) and Rural Rates Relief (RRR) in the business rates system will be eligible for a payment of £10,000.
Retail, Hospitality and Leisure Grant
Businesses in England in receipt of the Expanded Retail Discount (which covers retail, hospitality and leisure) will be eligible for a grant of up to £25,000 per property based on their rateable value.
- Rateable value of up to £15,000 will receive a grant of £10,000
- Rateable value of over £15,000 and less than £51,000 will receive a grant of £25,000.
To allow the Council to help get the grants to businesses quicker we need to make sure we have up to date business banking details. If you pay your Business Rates by BACS we already have your details and will use this account to pay you the grant. If the Council doesn’t have your details, either because you pay your rates by another method or you qualify for a relief, and you want us to send the money direct to your bank please make sure you include them in the application.
Exclusions from both grants include:
- Property occupied for personal use
- Car parks and parking spaces
- Businesses in liquidation or were dissolved as of the 11 March
- Properties with a rateable value of £51,000 or over
Recipients eligible for the Small Business Grant will not be eligible for the Retail, Hospitality and Leisure Grant.
Will these grants be subject to tax?
Grant income received by a business is taxable therefore the Small Business Grants, and Retail, Hospitality and Leisure Grants will be subject to tax. Only businesses which make an overall profit once grant income is included will be subject to tax.