UPDATED: Responding to the coronavirus (Covid-19) pandemic, the government announced there would be support for small businesses and businesses in the retail, hospitality and leisure sectors. This small business coronavirus grant will take the form of two funding schemes:
- The Small Business Grant Fund – a one-off grant of £10,000 for eligible businesses to help meet their ongoing business costs
- Retail, Hospitality and Leisure Grant – a cash grant of up to £25,000 per property if you are eligible (businesses with a property that has a rateable value of over £15,000 and less than £51,000)
So far, about 50 per cent of businesses eligible for the coronavirus small business grant have received their cash but some councils have only distributed a tenth of the money due to small businesses, according to the business ministry.
As of April 20, £6.11bn has been paid out to 491,725 business properties in England.
Because grants are allocated per business property, a single business can receive multiple grants and may receive grants from separate local authorities.
English Local Councils Coronavirus GrantsData correct as of 23.04.2020
Small business coronavirus grants in Scotland
At close 5 May 2020, Scottish local authorities reported that over 71,000 applications have been received for the Small Business Grant Scheme. The last count showed that 53,765 grants had been awarded, totalling £620,920,000.
Find out where to apply for a grant in the table below.
Small business coronavirus grants in Wales
The table below details where businesses in Wales can find grants based on their local authority.
A Welsh government spokesperson said: “More than £590m of relief grants has been paid to more than 47,000 small businesses in Wales by local authorities, with more receiving funding every day.”
Small business coronavirus grants in Northern Ireland
Northern Ireland has one central application point for its small business COVID-19 grant. You can find out more here: www.covid-19smallbusinessgrants.economy-ni.gov.uk/
How the Small Business Grants Fund works
- The Small Business Grants Fund is a £10,000 grant per eligible business, originally announced at Budget
- Businesses included in this scheme are those that, as of March 11, were eligible for relief under the Small Business Rate Relief Scheme (including those with a rateable value between £12,000 and £15,000 which receive tapered relief) or the Rural Rate Relief Scheme
How the Retail, Hospitality and Leisure Businesses Grants Fund works
- The Retail, Hospitality and Leisure Business Grants Fund was announced by the Chancellor on March 17. Businesses in scope were those that were eligible on March 11 for a discount under the Expanded Retail Discount scheme and with a rateable value of less than £51,000:
– Eligible businesses in these sectors with a property that has a rateable value of up to and including £15,000 will receive a grant of £10,000
– Eligible businesses with a property that has a rateable value of over £15,000 and less than £51,000 will receive a grant of £25,000