Lockdown Latest - Grants Available to Business Affected by Lockdown
NEW GRANTS TO BE PAID TO BUSINESSES
Following the Prime Minister’s statement on 22 February the Council will shortly be in a position to pay further grants to businesses required to remain closed.
If you have previously received a Local Restrictions Support Grant and your business continues to be forced to close, we will automatically make a further grant to you. You do not need to re-apply.
The grants will cover a 44 day period from 16 February to 31 March, as follows
a. Businesses occupying hereditaments appearing on the rating list with a rateable value of £15,000 or under will receive a payment of £2,096.
b. Businesses occupying hereditaments appearing on the rating list with a rateable value over £15,000 and less than £51,000 will receive a payment of £3,143
c. Businesses occupying hereditaments appearing on the rating list with a rateable value of £51,000 or above, will receive a payment of £4,714
Similary, closed businesses who received a payment under the Council’s Additional Restrictions Grant scheme will receive another automatic payment.
PAYMENTS WILL BE MADE AUTOMATICALLY TO QUALIFYING BUSINESSES NO LATER THAN FRIDAY 5 MARCH
The grants currently available are summarised below.
Name of Grant | Businesses Affected |
|---|---|
Local Restrictions Support Grant (Sector) | Nightclubs etc closed since 23 March 2020 |
Local Restrictions Support Grant (Closed) |
|
Local Restrictions Support Grant (Closed) Addendum | Businesses mandated to close.
|
Local Restrictions Support Grant (Closed) Addendum Tier 4, 19 December 2020 | Businesses mandated to close.
|
Local Restrictions Support Grant (Closed) Addendum: 5 January Onwards | Businesses mandated to close.
|
Closed Business Lockdown Payment | One off payment based on rateable value, for businesses mandated to close. |
Christmas Support Payment for Wet Led Pubs | One off payment of £1,000 for wet led pubs |
Local Restrictions Support Grant (Open) | Leisure, Hospitality and Accommodation Businesses severely impacted under the 3 tier system |
Additional Restrictions Grant (ARG) | Including but not restricted to:
|
The Council has produced a policy for the distribution of funds - Local Restrictions Grant Policy (pdf 173kb)
An on-line application is required and the form and instructions are available. Click here to access
Business Rates or National Non-Domestic Rates (NNDR)
Business Rates (also known as National Non-Domestic Rates) are a tax on business properties.
The tax is set by the government and business rates collected by local authorities are the way that those who occupy non-domestic property contribute towards the cost of local services.
Under the business rates retention arrangements introduced from 1 April 2013, authorities keep a proportion of the business rates paid locally.
The money is used to help pay for the services the Council provides.
Please see pages, listed on the left, within this section for further advice and guidance.