Coronavirus (COVID-19): More than 2,300 local businesses have received vital grants but make sure you don't miss out
With COVID-19 placing local businesses under unprecedented pressure South Somerset District Council has processed and approved Government grants worth in excess of £28m to more than 2,300 businesses.
Our staff along with our elected members are in the process of contacting all remaining businesses that we believe may be eligible for a grant which could be as many as 900.
Officers have worked hard to assess applications for the Small Business Grants Fund and Retail, Hospitality and Leisure Grant Fund and have now looked at all applications. Businesses who have submitted an application but have not heard back from us are encouraged to check their emails and phone messages. If you have no messages then please do get in touch to check to see if there is an issue.
Council Leader Val Keitch said: “We recognise what a challenging time this is for local businesses which is why we are doing everything we can to offer support. We are working hard to process grant applications as quickly as possible and our online form (https://www.southsomerset.gov.uk/forms/apply-for-something/business-support-grant-application/ ) enables businesses to submit all the details we require. To avoid delays it is important that all information – including bank details – is submitted.
“It is also important to state that these are grants and not loans. Businesses will not be required to repay this funding.”
Further Information about the grants
In response to the global pandemic the Government announced a range of measures designed to help businesses in the UK, including the Small Business Grant fund and the Retail, Hospitality and Leisure Grant.
Who is entitled to the Business Grants?
Small Business Grant fund
If you are eligible for Small Business Rate Relief or Rural Rate Relief as at the 11 March 2020 and your rateable Value is below £15,000 then you may qualify for a Small Business Grant of £10,000.
Retail, Hospitality and Leisure Grant
If your Business has a Rateable Value of below £51,000 and you are eligible for the expanded Retail Discount as at the 11 March 2020 then you may qualify for a Retail, Hospitality and Leisure grant of £25,000.
The Grant will not be payable where the business is used for personal use, ie private stables. Carparks and parking spaces are excluded. For the avoidance of doubt, businesses which as of the 11 March were in liquidation or were dissolved will not be eligible.