GRANTS AVAILABLE NOW, DON'T MISS OUT. - East Devon District Council are now contacting eligible businesses.
Further to the Budget on 11 March, the Chancellor's statement on 17 March and the Coronavirus outbreak, two grant funding schemes are being administered by local authorities.
APPLY FOR THE RELEVANT SCHEME HERE: https://eastdevon.gov.uk/coronavirus-business-grants-support/
Scheme 1: Small Business Grant Fund
Businesses that qualified on 11 March 2020 for small business rate relief (SBRR), including those receiving a percentage reduction, or rural rate relief, will be eligible for a grant payment of £10,000.
Properties that are occupied for personal use (for e.g. private stables, beach huts, car parking spaces and personal storage) will not qualify. Properties for which liability is calculated using the small business multiplier (this is shown on the business rates bill) will not qualify.
Scheme 2: Retail, Hospitality and Leisure Business Grant Fund
Properties that would have qualified for the retail discount on 11th March 2020 will either be entitled to:
• £10,000 where the rateable value (RV) of the premises is £15,000 or less or;
• £25,000 where the RV is greater than £15,000 but less than £51,000
• Premises with an RV above £51,000 are not eligible for this grant
Government guidance for local authorities administering these grants is available at: https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/877286/small-business-grant-fund-and-retail-guidance-v3.pdf