‘Non-essential’ retailers in line for grants totalling £2.2 billion
‘Non-essential’ retailers forced to shut in England’s second lockdown could be eligible for grants totalling £2.2 billion, the Government has announced.
Businesses will benefit from two grant schemes: one for businesses that have had to close, and another scheme for further business support as a result of the coronavirus pandemic.
Money was transferred to councils in England on Friday, November 13, and businesses can expect to receive money covering the four-week period of national restrictions in the coming days.
Retail business owners are urged to check their council’s website for details.
The grant schemes are:
The Local Restrictions Support Grants, for businesses which have had to close or have been severely impacted by local restrictions (hospitality, leisure and non-essential retail sectors):
- business owners will receive £1,334 per 4 weeks if they have a rateable value below £15,000
- they will receive £2,000 per 4 weeks if they have a rateable value between £15,000 and £51,000
- they will receive £3,000 per 4 weeks if they have a rateable value above £51,000
The Additional Restrictions Grant, provided by councils on a discretionary basis.
Local authorities will receive a sum of money equivalent to £20 per head of their local population to distribute to businesses which have been severely impacted by restrictions. For example, a council covering an area with a population of 100,000 would receive £2 million for this purpose. Those likely to be in receipt of these grants include large employers with significant fixed costs such as seaside attractions or local manufacturers, as well as sole traders, tour operators and market traders who do not have a rateable value.
This includes businesses such as pubs not serving substantial meals, betting shops, arcades and soft play centres in areas like Liverpool, Greater Manchester and South Yorkshire. Some places such as South Yorkshire and Liverpool City Region negotiated their support under this scheme prior to the national lockdown.
Businesses are urged to engage with their local authority and ensure that council officials have contact and payment information for them. They risk not receiving this vital support if they do not.
Read the full Government statement here
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