Tel: 01283 701569

Experienced Independent Financial Advisers

Small Business Grant Fund

8 Jul 2020

Retail, Hospitality and Leisure Grant Fund

Originally announced in the Budget on 11 March, the Small Business Grants Fund (SBGF) and the Retail, Hospitality and Leisure Grant (RHLG) will be delivered by local authorities in England.

Relief from business rates
The original measures have now been significantly enhanced in light of the business closures as a result of the current pandemic, offering relief from business rates for some sectors and cash grants of £10,000 to £25,000 for all eligible businesses.

This support takes the form of two grant funding schemes: the Small Business Grant Fund and the Retail, Hospitality and Leisure Grant Fund. The schemes are being delivered by Local Authorities – if you are eligible, your Local Authority will be in touch with you to arrange payment.

Central government will provide funding to Local Authorities that are responsible for business rate billing. Those Local Authorities will contact eligible businesses to arrange payment of the grants.

Under the Small Business Grant Fund (SBGF), all eligible businesses in England in receipt of either Small Business Rate Relief (SBRR) or Rural Rate Relief (RRR) in the business rates system will be eligible for a payment of £10,000.

Under the Retail, Hospitality and Leisure Grant (RHLG), eligible businesses in England in receipt of the Expanded Retail Discount (which covers retail, hospitality and leisure) with a rateable value of less than £51,000 will be eligible for cash grants of £10,000 or £25,000 per property.

Eligible businesses in these sectors with a property that has a rateable value of up to and including £15,000 will receive a grant of £10,000. Eligible businesses in these sectors with a property that has a rateable value of over £15,000 and less than £51,000 will receive a grant of £25,000.

Businesses with a rateable value of £51,000 or over are not eligible for this scheme. Businesses that are not ratepayers in the business rates system are not included in this scheme.

Small Business Grant Fund Eligibility
Businesses with a property that on 11 March 2020 were eligible for the Small Business Rate Relief (SBRR) scheme (including those with a Rateable Value between £12,000 and £15,000 which receive tapered relief).

Businesses which on 11 March 2020 were eligible for relief under the Rural Rate Relief Scheme are also eligible for this scheme. Eligible recipients will receive one grant per property.

Exclusions to Small
Business Grant Fund

You cannot receive SBGF for:

Properties occupied for personal uses, such as private stables and loose boxes, beach huts and moorings
Car parks and parking spaces
Businesses which as of 11 March were in liquidation or were dissolved will also not be eligible.

Retail, Hospitality and Leisure Grant Eligibility
Properties which on 11 March 2020 had a rateable value of less than £51,000 and would have been eligible for a discount under the business rates Expanded Retail

Discount Scheme, had that scheme been in force, are eligible for the grant. Charities which would otherwise meet this criteria, but whose bill for 11 March had been reduced to nil by a local discretionary award, should still be considered to be eligible for the RHLG. Recipients will receive one grant per eligible property.

Exclusions to RHLG

You cannot receive RHLG for:

Properties occupied for personal uses, such as private stables and loose boxes, beach huts and moorings
ν Car parks and parking spaces

Businesses which as of 11 March were in liquidation or were dissolved will not be eligible. Eligible recipients will receive one grant per property. Recipients cannot receive both SBGF and RHLG on the same property. ν

Footnote: Our belief is that all finacial advice should be tailored to your particular needs and situation. The content of the articles featured in here are for your general information and use only; they are not intended to address your particular requirements or constitute a full and authoritative statement of the law. They should not be relied upon in their entirety and shall not be deemed to be, or constitute advice. Although endeavours have been made to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No individual or company should act upon such information without receiving appropriate professional advice after a thorough examination of their particular situation. Please get in touch to meet with us for a full consultation.

Get in touch for more details

Please fill the form below to contact us

    Your Name (required)

    Company Name

    Your Email (required)

    Areas of concern

    Individual servicesCorporate servicesMiscellaneous

    Subject

    Your Message

    We take your Privacy Seriously. Personal information submitted to us with this form will be treated in accordance with the Data Protection Act 2018 and General Data Protection Regulations ‘GDPR’. By submitting this enquiry form you expressly consent to be contacted without prior notice or arrangement by using the contact details you have provided on the form. For further information on how we treat your personal information, please view our Privacy Policy

    I have read and agree to the privacy policy. Please retain my details to contact me.Please do not add me to the mailing list.