To fight the ongoing COVID-19 crisis, the government has introduced Small Business Grant Scheme Funding. The fund is aimed to support small businesses that are currently enjoying Small Business Rate Relief (SBRR), Rural Rate Relief (RRF) or Tapered Relief. To be eligible for this scheme following conditions need to be met:
- The business should be based in England
- The business should occupy property
- The business is receiving Small Business Rate Relief (SBRR) or Rural Rate Relief (RRF) as of 11 March 2020.
Businesses satisfying the above conditions will receive a Cash Grant of £10,000.
The cash grant will be paid by the local authority automatically. The businesses do not need to apply for them. The decision to grant relief lies solely with the local authorities and they will follow the government guidelines in making the decision.
The grant will be sent to the person that is named as the ratepayer in local authority’s records as of 11 March 2020.
Each individual "hereditament" is eligible for the holiday and cash grant. Businesses with multiple premises will qualify for each of their hereditaments that meets the above criteria.
Any inquiries related to scheme should be made directly to relevant local authority.
Full government guidance related to the scheme can be found here.