What is the grant available for?
This fund is aimed at small businesses with ongoing fixed property-related costs. Local Authorities are going to prioritise businesses in shared spaces, regular market traders, small charity properties that would meet the criteria for Small Business Rates Relief, and bed and breakfasts that pay council tax rather than business rates. But local authorities may choose to make payments to other businesses based on local economic need. The allocation of funding will be at the discretion of local authorities.
Capital or Revenue or Both?
This is for revenue costs.
Any eligibility criteria
Businesses must be small, under 50 employees, and they must also be able to demonstrate that they have seen a significant drop of income due to Coronavirus restriction measures.
What grant amounts are available?
There will be three levels of grant payments. The maximum will be £25,000. There will also be grants of £10,000. Local Authorities will have discretion to make payments of any amount under £10,000.
Who provides the grant?
Local Authorities will be responsible for the payment of these grants, please see the list below:
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How to apply for the grant?
Further guidance to be received.
District Councils and Unitary Authorities Multiple - please see details in content