Small Business Grant
In the Budget on 11 March 2020 the Government announced a scheme through which small businesses with a rateable value of under £15,000 and in receipt of small business rate relief or rural rate relief would be eligible for a grant of £3,000. This was later increased to £10,000.
To qualify for the grant, businesses must have been liable for the business rates on their property on 11 March 2020 and be in receipt of small business rate relief.
Retail, Hospitality and Leisure Grant
In response to the COVID-19 crisis, the Government announced that properties in the retail, hospitality and leisure sectors with a rateable value of up to £51,000 would be able to receive a cash grant of either £10,000 or £25,000. This is subject to state aid limits.
To qualify for a grant, businesses must have been liable for the business rates on their property on 11 March 2020 and have an entitlement to Expanded Retail Discount. As Expanded Retail Discount doesn’t begin until 1 April 2020, eligibility will be decided based on whether a property would have qualified for the discount had the scheme been in place on 11 March 2020.
Businesses that qualify under the scheme with a rateable value of up to £15,000 will be eligible for a grant of £10,000 and businesses with a rateable value of between £15,001 and £50,999 will be eligible for a grant of £25,000.
There is one grant payable per property.
There are some exclusions to the grant schemes:
- Properties occupied for personal use, including but not limited to beach huts, private stables and loose boxes and moorings
- Car parks and parking spaces
Businesses that were dissolved or in liquidation on 11 March 2020 will not be eligible for either grant.
If the Valuation Office Agency make any change to the Rating List for your property after the 11 March 2020 or a change is backdated to include 11 March 2020, you will not be eligible for the grant. However, if the Rating List is amended after receiving your grant, meaning you are no longer eligible for it, we will not recover the grant from you.
If we know that the Rating List is incorrect on 11 March 2020, we can withhold payment of the grant or we can choose to pay it to the person that would have received it if the list had been accurate.
To receive this funding, you must show on our records as the ratepayer of the property on 11 March 2020. If we believe our records might be incorrect, we can withhold payment of the grant until reasonable steps have been taken to confirm the identity of the correct ratepayer.
Any grant that is paid to an incorrect ratepayer will be recovered if it is found they were not the liable person for business rates on 11 March 2020. Landlords and Managing Agents are asked to help us make sure we have the correct ratepayers’ details.
Payment of the grant is subject to state aid limits. If you request a grant and you have already received elements of state aid in this or the last three financial years that could put you over the temporary €800,000 limit, you will need to complete a state aid declaration before we can pay any grant. If we suspect you may be over that limit, or if any grant paid will take you over that limit, we may request you complete a state aid declaration.
The Government will not accept deliberate manipulation and fraud - and any business caught falsifying their records to gain additional grant money will face prosecution and any funding issued will be subject to claw back.
In order to pay a grant, we will need some additional information from you. An online form will be made available for you to provide this information to us. This will include things like your full name, including first name and middle initial if you have one and date of birth if you are a sole trader and your company name and registration number for Companies. We will also need your VAT registration number if you have one.
In most cases, we will not hold current bank details for you. In order to receive your grant, you will need to provide your bank account number, sort code and bank account name to enable us to make payment of your grant.