New COVID grants to support businesses
Businesses that have been required to close due to national restrictions imposed by government as of 5 January 2021 may be eligible for a one-off grant of up to £9,000.
The latest support package announced by the Government includes a £594 million discretionary fund for other businesses that might be affected. The cash is provided on a per-property basis to support businesses through the latest restrictions and is expected to benefit over 600,000 business properties.
The one-off top-ups will be granted to closed businesses as follows:
- £4,000 for businesses with a rateable value of £15,000 or under
- £6,000 for businesses with a rateable value between £15,000 and £51,000
- £9,000 for businesses with a rateable value of over £51,000
These grants will be administered by the Marches LEP’s local authority partners. For more information, please visit the coronavirus business grants pages on our website which directs businesses to relevant council information.
Originally published by The Marches Growth Hub