Businesses urged to apply for grant funds to help them through lockdown
Published: Friday, 20 November, 2020
Businesses affected by the Coronavirus pandemic lockdown have been urged to apply for grant money which could help them get through tough financial times.
Applications opened this week for Government grants for businesses which have been forced to close the primary function of their business due to COVID-19 lockdown measures. The application process for the Local Restrictions Support Grant (Closed) is open at www.stroud.gov.uk/businessrates
“We really do appreciate just how important these grants are for businesses across the district and our Revenue and Benefits staff are working flat out to ensure businesses which are eligible can get the funds that they need,” said Council Leader, Doina Cornell.
“Stroud is well-known as a district with a large proportion of small to medium-sized businesses, and we would not want them to miss out.”
Grants are based on the rateable value of a property and will be paid per 28-day qualifying restriction period.
- Businesses occupying properties with a rateable value of £15,000 or under can get a grant payment of £1,334.
- Businesses occupying properties with a rateable value between £15,001 and £50,999 can get a grant payment of £2,000.
- Businesses occupying properties with a rateable value of £51,000 and over can get a grant payment of £3,000.
To be eligible for this grant, a business property must fall under one of the categories on the government’s list of businesses forced to close.
If the majority of a business has been forced to close but is operating a takeaway or click and collect service, it may still be eligible for a grant. However, businesses that have chosen to close but have not been required to, will not be eligible for this grant and should not apply.
A second grant, the Additional Restrictions Grant (Discretionary) is expected later this month.
The government has provided some advice for businesses:
For all Stroud District Council updates, help and advice on Coronavirus visit our social media channels and www.stroud.gov.uk/coronavirus
Contacting the council:
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Telephone: 01453 766 321