Coronavirus – Grants To Small Businesses
A grant of £10,000 is available to businesses in receipt of the Small Business Rates Relief.
A company receives the Small Business Rates Relief if its business property has a rateable value of £15,000 or less and it is only responsible for Business Rates on one property.
It follows that businesses which are based at ‘home’, are not eligible to the grant.
Similarly no grant will be available to a business which rents a property for which its landlord is responsible for the business rates.
The grant is administered by Local Authorities and is paid automatically; no claim needs to be made.