Braintree District Council to administer emergency grants for businesses
Braintree District Council would like to thank businesses for their patience while it administers close to 3,000 business grants in response to government guidance after the Coronavirus (COVID-19) outbreak.Published: Tuesday, 31st March 2020
Application forms were sent to eligible small businesses and businesses within the retail, hospitality and leisure sectors last week (Thursday, 26th March). The support available includes:
Cash grants for Retail, Hospitality and Leisure businesses
Businesses within the retail, hospitality and leisure sectors will receive a cash grant of up to £25,000 per property. The amount received will be linked to the property’s rateable value.*. The properties that will benefit from the relief will be occupied properties that are wholly or mainly used:
- as shops, restaurants, cafes, drinking establishments, cinemas and live music venues
- for assembly and leisure
- as hotels, guest and boarding premises and self-catering accommodation
The relief has also been recently extended to include estate agents, letting agents, betting shops and bingo halls.
Grants for small businesses
Small businesses that already pay little or no business rates - because of small business rate, rural rate and tapered relief – can apply for a one-off grant of £10,000 to help meet their on-going business costs.
The grant applications will be processed by the Council in order of receipt. The aim is to issue the payments within 7-10 working days once all the necessary paperwork is received, checked and processed by the team.
The Council would also like to reassure businesses that the business rate relief is being applied to all eligible business accounts. Businesses do not need to take any further action as the relief will be applied automatically and the bills amended accordingly. This includes the 12-month business rates holiday for all retail, hospitality, leisure and nursery businesses, estate agents, letting agents, betting shops and bingo halls.
Cllr Tom Cunningham, Cabinet Member for Economic Development and Infrastructure at Braintree District Council, said: “We know that the impact of COVID-19 will be enormous for many businesses. We know that companies are worried about their income, concerned about how to retain staff and how to make ends meet. We want to reassure businesses that we are here to support, guide and advise as much as we can and that we will do everything within our remit to help businesses weather this storm. We want firms within our district to know that they are not alone.”
Businesses can contact the Economic Development team via [email protected] for further help and support.
* Cash grants for Retail, Hospitality and Leisure
- Businesses with a property that has a rateable value of up to £15,000 will receive a grant of £10,000.
- 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
- Businesses with a rateable value of over £51,000 are not eligible for this scheme
- Businesses that are not ratepayers in the business rates system on 11th March 2020 are not included in this scheme
For more information on cash grants for retail, hospitality and leisure
- For more information on small business grants
The government has announced a number of measures to support businesses and the self-employed across the country including:
- A Coronavirus Job Retention Scheme
- Deferring VAT and Income Tax payments
- A Statutory Sick Pay relief package for small and medium sized enterprises
- A 12-month business rates holiday for all retail, hospitality, leisure and nursery businesses in England
- Small business grant funding of £10,000 for all business in receipt of small business rate relief or rural rate relief
- Grant funding of £25,000 for retail, hospitality and leisure businesses with property with a rateable value between £15,000 and £51,000
- The Coronavirus Business Interruption Loan Scheme offering loans of up to £5 million for SMEs through the British Business Bank
- A new lending facility from the Bank of England to help support liquidity among larger firms, helping them bridge coronavirus disruption to their cash flows through loans
- The HMRC Time To Pay Scheme
- Self-employed income support scheme
For more information on all the financial support available to businesses