How, where and when to apply.
As from today (1st April 2021) grants will be available to all rate paying businesses trading in England and within the retail (non-essential), hospitality, and leisure sector from their local councils.
The Maximum Amounts that can be Applied for (based upon Rateable Values):
|RATEABLE VALUE||MAXIMUM AMOUNT RECIEVEABLE|
Non-essential retail (Maximum £6,000).
|£15,000 or less||Up to £2,667.|
|£15,000 – £51,000||Up to £4,000.|
|£51,000 or more||Up to £6,000.|
Gyms, leisure, personal care, accommodation and hospitality businesses (Maximum £18,000).
|£15,000 or less||Up to £8,000.|
|£15,000 – £51,000||Up to £12,000.|
|£51,000 or more||Up to £18,000.|
Around 700,000 businesses will be eligible for the Restart Grant helping them during the re-opening stage, following closure as a result of COVID-19. To be eligible, a business must:
pay Rates (see above);
be based in England;
trade in the non-essential retail, hospitality, accommodation, leisure, personal care or gym sectors (see above); and
be trading on 1 April 2021 (and not be in administration or insolvent or have exceeded the permitted subsidy allowance of £10.935m).
Any businesses that meet the above criteria are advised to view their local council’s website for further details on how to apply.
Businesses not eligible for the Restart Grant Scheme should in any event make enquiries with their local council to see if they are able to access the additional £425m made available to such local authorities for distribution to struggling businesses (as a result of COVID-19) who do not meet the requirements of other schemes.
If you are looking for commercial law advice on any matters arising out of the coronavirus pandemic, please speak to Farleys’ corporate and commercial law teams on 0845 287 0939 or contact us by email.