The Government has announced new grants to support businesses that are required to close due to COVID-19 in high incidence areas.
The grants will be for either £1,500 or £1,000 every three weeks depending on the size of the business. For businesses that occupy premises with a rateable value of less than £51,000 then the grant is £1,000 and for those occupying premises with a rateable value above £51,000, the grant is £1,500.
The local authorities will be responsible for distributing these grants where businesses are required to close due to the local interventions.
In addition, local authorities will be given additional funds to distribute to businesses that are not on the local rates list to support them with grants of up to £1,500.
These grants do not apply to any businesses that are still required to be closed at a national level, such as night clubs etc.
If you are affected by the local interventions and would like assistance on this then please contact your local TC adviser on 0330 088 7111.