The government has announced a package of support measures for businesses including grant scheme funding to be delivered by Local Authorities, based on business rates.
Businesses in receipt of small business rates relief or rural rates relief are eligible for a £10,000 grant to help with ongoing costs.
The Retail and Hospitality Grant Scheme provides businesses in the retail, hospitality and leisure sectors with a cash grant of up to £25,000 per property depending on their rateable value:
- Businesses in these sectors with a property that has a rateable value of up to £15,000 may be eligible for a grant of £10,000.
- Businesses in these sectors with a property that has a rateable value of over £15,000 and less than £51,000 may be eligible for a grant of £25,000.
Whilst the local authority will write to you if you are eligible for the grant, these letters will almost certainly be sent to the business address, so you can also apply online, as per the links below:
Stoke on Trent https://www.stoke.gov.uk/businessratesgrants
If you do not qualify for either of the grants and you pay rates, it is worthwhile enquiring with your local authority as to whether you are entitled to Hardship Rates Relief.
If you require any assistance with this, please contact us.