24th September 2020 / COVID-19 Updates
Local Lockdown Business Grants
The Government have announced new grants have been made available to support businesses in areas that have been affected by local lockdown restrictions. A business will be able to receive grants of up to £1,500 every three weeks while local lockdowns are in place.
Who is eligible?
To be eligible for the grant, a business must have been required to close due to local Covid 19 restrictions.
Businesses which occupy premises with a rateable value of exactly £51,000 or less or occupy a property or part of a property subject to an annual rent or mortgage payment of less than £51,000 will receive £1,000.
Meanwhile, businesses which occupy premises with a rateable value of exactly £51,000 or above or occupies a property or part of a property subject to an annual rent or mortgage payment of exactly £51,000 or above will receive £1,500.
Who isn’t eligible?
There are however some restrictions. Businesses that are still closed at a national level such as nightclubs, or those which do not fit the large or small business criteria are not eligible for the discretionary Local Authority grant.
Who is responsible for making the decision?
Local authorities will make the final decision on who receives the payment. They will also receive an additional 5% top-up amount of business support funding to enable them to help other businesses affected by closures which may not be on the business rates list. Payments made to businesses from this discretionary fund can be any amount up to £1,500.
