Small Business Grant Scheme
There are two grants available to small businesses who are eligible for rates relief through the Small Business Rates Relief Programme
£10,000 Small Business Grant for rental properties and Total NAV of £1,590 or below
Under rating legislation, the landlord is liable for rates on non-domestic rental properties with a Total NAV of £1,590 or below. For rental properties with a sole tenant and properties with a Total NAV of £1,590 or below, further information is required to ensure that that the grant is being paid to the small business who occupies the property, and not a landlord or letting agent.
An online form is now available to register for the £10,000 grant or to provide further information if:
- Your business is the sole tenant of a rental property where the landlord receives the rate bill
- Your business is the sole tenant of a rental property and the business receives the rate
- Your business owns the property that it occupies and the property has a Total NAV of £1,590 or below
£10,000 Small Business Grant
A grant of £10,000 is available to small businesses who are eligible for the Small Business Rate Relief Scheme. There is no application for the Small Business Rates Relief scheme, Land Property Services automatically apply it to qualifying businesses. Businesses who qualify will be eligible for the grant. Businesses with a rateable value below £15,000 who currently benefit from Industrial Derating are now also eligible for the £10,000 grant.
- if you pay your business rates via Direct Debit and you are part of the Small Business Rates Relief Scheme, LPS will automatically pay the £10,000 into your account.
- if you do not pay by Direct Debit but are part of the scheme you will need to register your bank details
- if you have already registered for the scheme and provided details using the online form, your details are currently being checked. If everything is in order, you will receive an email confirming that the grant payment has been issued.
In general, only one grant can be paid in respect of each property and only one grant can be paid to each business, irrespective of how many properties the business occupies. If separate businesses are operating from separate properties, then a grant can be registered in relation to each separate business that occupies a separate property.
Following Reval2020, a new non-domestic valuation list will come into affect on 1 April 2020. This means that more businesses may qualify for the Small Business Rate Relief Scheme. If you are on this list, you need to complete the form (linked above) to provide your bank details. If a business who qualified for rate relief until 31 March 2020 is not on the new list, they will still be able to avail of the £10,000 grant.
- For rental properties, the scheme is being designed to benefit the small business who occupies the property and not the landlord or managing agent who is responsible for paying the rates. Landlords, managing agents and small businesses in this situation should not use the Small Business Grant Support online form to register for the scheme, but should wait until a new online form for rental properties is made available in the coming days.
Exclusions apply to the scheme including:
- SBRR is automatically applied to business properties with a rateable value below £15,000, though some exclusions to SBRR apply.
- Vacant properties are not eligible for this grant.
- MP and MLA Constituency offices are not eligible for this grant.
- Businesses with 3 or less premises will only be eligible for one grant of £10,000 in total.
- Businesses with more than 3 properties are not eligible for the SBRR scheme and therefore are not eligible for the grant.
Note: for businesses completing the online form
Businesses should be aware that:
- If any information provided with your registration form is later found to be false, repayment of funding may be required.
- Any payment must be declared to HMRC as appropriate as part of the tax return for the business.
- The grants constitute State Aid. You will be asked to confirm that you agree to the State Aid Requirements when completing the online form.
I have already applied for the grant, when will I be paid?
If you have already registered for the scheme and provided details using the online form (either through the £10,000 grant online registration form or the online form for rental properties with a sole tenant and/or properties with a Total NAV of £1,590 or below), your details are currently being checked. If everything is in order, you will receive an email confirming that the grant payment has been issued. Please note that the payments may take three days to clear the banking process.
If you are not eligible to receive the grant, if there has been a problem with your registration, or if you are required to provide more information to progress your application you will receive an email with further information and details on what to do next.
£25,000 grant for businesses in the Hospitality, Tourism and Retail Sectors
A grant of £25,000 will be available for businesses in the hospitality, tourism and retail sectors, with a rateable value from £15,001 up to £51,000.
This scheme is now closed.
Small Business Grants Helpline
Land Property Services have opened a helpline for businesses with questions over the grant scheme.
Call 0300 200 7809.
The helpline is open Monday to Friday, 9 am - 5 pm.
This page was last updated 21/05/2020
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