CORONAVIRUS UPDATE
English Business Grants
Grant 1
Aimed at businesses in the hospitality, accommodation and leisure sector which are not closed but are severely impacted by Covid-19 restrictions on socialising.
- Funded through Local authorities (LA).
- To support businesses in high alert areas which are not closed but are severely impacted by the Covid-19 restrictions on socialising.
- The grants will be available retrospectively for those areas who have already been subject to Covid-19 restrictions.
- Properties with a rateable value of £15,000 or under – grant of £934 per month.
- Properties with a rateable value of between £15,000 and £51,000 – grant of £1,400 per month.
- Properties with a rateable value of £51,000 or more – grant of £2,100 per month.
- The LA will receive a further 5% top up to cover grants for those businesses who might not fit neatly into the hospitality, accommodation and leisure sector bracket. It will be at the LA discretion.
Grant 2
Aimed at businesses who have been forced to close due to the Covid-19 restrictions being imposed upon them.
- Affected small businesses with a rateable value of £15,000 or below can now claim a grant of £1,300 per month.
- Affected medium sized businesses with a rateable value between £15,000 and £51,000 can claim a grant of £2,000 per month.
- Affected larger businesses can claim a grant of £3,000 per month.
- The grant will be payable every 2 weeks and paid in arrears.
The MDH team are here to support you
If the above will have an impact on your of your business, please book in a 30 minute call with Michael or Natalie to discuss.
Join our private Facebook page for Croydon & Surrey Business Owners.
