Your Local Authority currently has 3 types of grant support available, they will be identifying where you are eligible and will contact you directly.
Discretionary Grant for Small Businesses
A one-off discretionary cash grant of up to £25k is available to support small businesses with up to 50 employees. This includes those in shared spaces, regular market traders, small charities and Bed and Breakfast businesses that pay Council Tax rather than Business Rates, with ongoing fixed property-related costs, who have seen a significant drop in income as a result of Coronavirus. This grant is discretionary to support businesses falling between the gaps of the other grant support schemes. Visit your Local Authority website to find out how to apply. Barnsley Council (Applications now closed), Doncaster Council (Applications now closed), Rotherham Council (Applications now closed), Sheffield Council (Applications now closed).
There is a one-off cash grant of £10k to support small businesses with disrupted operations/trade due to the Coronavirus pandemic.
Small businesses with a property who are already eligible for Small Business Rate Relief (SBRR) including those receiving tapered relief, and those already eligible for Rural Rate Relief (RRR). Businesses that were either liquidated or dissolved on or before 11 March 2020 are not eligible for a grant. Please note that the property must be for business use only and any properties that are occupied or used for personal use are excluded. State Aid rules apply (a business can only receive total grant/government financial support up to 200,000 Euros in a three-year period).
A one-off £10k and £25k retail, hospitality and leisure grant is available to support businesses with disrupted operations/trade.
SMEs (up to 250 employees) with a rateable value of up to £15k will receive a grant of £10k, whilst those with a rateable value between £15k and £51k will receive a grant of £25k. Businesses in the retail, hospitality and leisure sectors with a rateable value of over £51k are not eligible for a grant. Businesses that were either liquidated or dissolved on or before 11 March 2020 are also not eligible for a grant. Please note that the property must be for business use only and properties that are occupied or used for personal use are excluded. State Aid rules apply (under a temporary State Aid framework business in the retail, hospitality and leisure sectors can only receive total grant/government financial support up to 800,000 Euros in a 3-year period).
The government is increasing the cash grants to businesses in England shut in local lockdowns to support with fixed costs. These grants will be linked to rateable values, with up to £3,000 per month payable every two weeks. Find out more and check eligibility.
Grants for SMEs
In July 2020 the government announced a fund to support small and medium-sized businesses (SMEs) to access specialist advice to help further mitigate the impacts of COVID-19. Eligible SMEs may have access to grants between £1,000 – £5,000 to help them access specialist professional advice such as HR, accountants, legal, financial, IT and digital, and to purchase minor equipment to adapt or adopt new technology in order to continue to deliver business activity or diversify.
The scheme is not yet open for applications, further details will be available shortly. This scheme is being managed externally to the Growth Hub and we will post a notification once it goes live.