On Saturday 2 May 2020, the Government announced that the local business grant funds scheme would receive a 5% top-up aimed at closing the support gap for businesses that don’t qualify for the existing business rates relief.

Further announcements regarding this additional funding are expected this week.

This funding is aimed primarily at small (less than 50 employees) businesses with ongoing fixed property-related costs.

 

  1. Who Is Intended To Benefit?

 

  1. Eligibility

 

  1. How Much Are The Grants

The maximum grant is £25,000, alongside £10,000 grants and local authority discretion to make payments of any amount under £10,000.

 

  1. How to Access the Scheme