Expanded Business Support Grant Announced
As from 5 May 2020, the updated scheme enables ratepayers of properties in the retail, hospitality and leisure sectors, who were previously ineligible for support, to access the Small Business Grant Fund. Ratepayers operating properties in retail, hospitality and leisure where individual rateable values do not exceed £18,000 and their cumulative rateable value is between £35,001 and £51,000, will now be able to apply for the Small Business Grant Fund for each of their retail, hospitality or leisure properties. Previously, this part of the scheme restricted the cumulative rateable value to £35,001. Note also that the scheme now enables multiple grants to be applied for, each additional qualifying property will be entitled to 75% of the full grant.
For further information or assistance, contact our Head of Rating – Richard Foster at email@example.com or 01224 597534