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Cash Grant for Retail, Hospitality and Leisure - England only
If your business is in the retail, hospitality or leisure sector, you will receive a cash grant of up to £25,000 per property.
Eligibility criteria
You will be eligible if:
- Your business is based in England
- Your business is in the retail, hospitality or leisure sector
- Properties that will benefit from the relief will be occupied properties that are wholly or mainly being used:
- as shops, restaurants, cafes, drinking establishments, cinemas and live music venues for assembly and leisure
- as hotels, guest and boarding premises and self-catering accommodation
Businesses with a rateable value of £51,000 or over are not eligible for this scheme.
What does it Cover
Businesses in these sectors with a property that has a rateable value of £15,000 and under may be eligible for a grant of £10,000.
Businesses in these sectors with a property that has a rateable value of over £15,000 and less than £51,000 may be eligible for a grant of £25,000.
How to access it
There is no action for you. Local authorities will apply the business rates holiday to your bills. Every local authority in England has now received the full amount of grant funding they need to support their local businesses. In most cases, local authorities will need to collect details from small businesses in order to be able to make payments. Find your local authority using this link:
https://www.gov.uk/find-local-councilRun time
Local authorities will need to collect details from small businesses in order to be able to make payments. Local authorities will be in touch with all eligible businesses shortly.
Government resource
https://www.businesssupport.gov.uk/cash-grant-for-retail-hospitality-and-leisure/Disclaimer:
The information provided here was sourced from the HMRC and it will be updated periodically but we request you to check the individual sites provided about for more information. Last updated 5th April 2020.