COVID-19: Businesses entitled to grants urged get in touch
Published: Wednesday, 22 April, 2020
Businesses entitled to support grants which haven’t received them are urged to help us make sure we have their bank details.
By last Friday, Stroud District Council had paid out a total of £16.13million to 1,439 accounts - that’s 61.5% of the identified grant amounts payable of £26.225million.
In some cases we make payments directly, for example where businesses pay their business rates by direct debit.
In other cases we will need to take bank account details to make a payment –
the easiest way to do this is to submit your business’s details through an online portal.
There are two schemes:-
Scheme 1 – Business Support Grants Fund
A properties in receipt of rural rate relief or small business rates relief on 11th March, including those in receipt of tapered relief, will be eligible for a grant payment of £10,000.
Scheme 2 – Retail, Hospitality and Leisure Business Grants Fund
Businesses in receipt of the Expanded Retail Discount (which covers retail, hospitality and leisure) with a rateable value of less than £51,000 will be eligible for the following cash grants per property.
For eligible businesses occupying properties with rateable values of:
£15,000 or less on 11 March 2020 the grant is £10,000
£15,001 and £51,000 on 11 March 2020 the grant is £25,000.
“We are actively trying to find more businesses which are eligible,” said SDC Revenue and Benefits Manager Simon Killen. “We need their bank details to be able to make payments. We have paid every claim for which we have bank details and now this week we are planning to contact more businesses which we think are eligible.”
“We know how important these grants are to the local economy, and making these payments is a top priority,” said Council Leader Doina Cornell. “Our Revenue and Benefits Service is working very hard to make sure those which are eligible get the money they are entitled to.”