Businesses in the Borough that are required to close due to local lockdowns or targeted restrictions will now be able to receive grants worth up to £3,000 per month.
To be eligible for the grant, the business would need to have been open as usual and providing in-person services to customers but has been required to close due to local COVID-19 restrictions (commonly referred to as ‘Tier 3’).
Payments are triggered by the national decision to close businesses across the Borough and countrywide. Each payment will be made for a two week lockdown period and each new two week lockdown period triggers an additional payment. Eligible businesses must have been closed for the entirety of the 2 week period.
- Businesses occupying a premises with a rateable value less than or equal to £15,000 may claim £1,334 per month (£667 per 2 week period of closure)
- Businesses occupying a premises with a rateable value between £15,000 up to a value of £50,999 may claim £2,000 per month (£1,000 per 2 week period of closure)
- Businesses occupying a premises with a rateable value of exactly £51,000 or above may claim £3,000 per month (£1,500 per 2 week period of closure)
As with other COVID-19 business grants, local grants to closed businesses will be treated as taxable income.
How to apply
Before you apply, please ensure that you are rated for business rates payment AND have been impacted by the restrictions applied from 5 November to 2 December 2020.