The Government is increasing the cash grants available to businesses in England that are forced to shut due coronavirus restrictions. Grants were originally only offered to businesses shut due to local restrictions but has now been extended to those affected by national restrictions.
The grants will be linked to rateable values and have been increased to up to £3,000 per month payable every two weeks (previously up to £1,500 every three weeks). Payment can be claimed two weeks after being shut.
Small businesses with a rateable value of or below £15,000 can now claim £1,300 per month; medium sized businesses with a rateable value between £15,000 and £51,000 can claim £2,000 per month; and larger businesses with a rateable value over £51,000 can claim £3,000.
We are here to help so please contact us if you wish to discuss any of the above.