Grants to Retail, Hospitality & Leisure Businesses
The government has now provided details of the Retail and Hospitality Grant Scheme which will provide businesses in the retail, hospitality and leisure sectors with a cash grant of up to £25,000 per property.
The guidance confirms that properties with a rateable value under £51,000 and which would have qualified for retail discount on 11th March will be entitled to the grant.
Businesses with a rateable value of under £15,000 will receive a grant of £10,000.
Businesses in these sectors with a rateable value of between £15,001 and £51,000 will receive a grant of £25,000.
Ratepayers do not need to apply for this grant, we will identify qualifying businesses properties and the grant will be paid to them. We are working on determining the best way to get payments to businesses and the verification we will need before making payments. Funding for the scheme is expected from the Government at the beginning of April and payments will be made as soon as possible after that.