Updated: Small business grant funds and retail, hospitality and leisure grant fund
In response to the coronavirus pandemic the government has announced support for small businesses, and businesses in the retail, hospitality and leisure industries in the form of grants. These grants will be paid by local authorities.
Most businesses in the retail, hospitality and leisure sectors and those receiving Small Business Rate Relief or Rural Rate Relief will receive a grant as follows:
- Eligible properties* with a rateable value of £15,000 or less will receive a £10,000 grant
- Eligible properties* with a rateable value of more than £15,000 and up to £51,000 will receive a £25,000 grant
*To be eligible for a grant companies and traders must have been liable for business rates on 11 March 2020. If this criteria is not met there is no entitlement to relief. The council may prosecute any businesses making fraudulent claims.
Charities receiving Charitable Rate Relief can’t be eligible for Small Business Rate Relief or Rural Rate Relief and therefore cannot be eligible under the Small Business Grants Fund. They may be eligible under the Retail, Leisure and Hospitality Grants Fund.
Local Authority Small Business Discretionary Grant
The Government has now announced an additional fund to support small businesses that were not eligible for the earlier funds. This is called the Local Authority Small Business Discretionary Grant. Grants of up to £10,000 are available to small and micro businesses that need help with ongoing fixed building-related costs such as rent, utilities and broadband.
The discretionary grants are administered and allocated by Buckinghamshire Council who are working in partnership with Buckinghamshire Business First (BBF) who will handle the grant applications on behalf of Buckinghamshire Council who will check and process the grant payments.
For more information and to apply please visit the Buckinghamshire Business First website.
Initial evaluation under the criteria and outlined priorities will be undertaken by Buckinghamshire Business First, on behalf of Buckinghamshire Council.
Once your claim has been approved, you will receive payment from Buckinghamshire Council as promptly as possible, usually within five days.
Reporting a suspected fraudulent claim
If you suspect somebody of making a fraudulent claim for a business grant please report it via our fraud reporting form (link opens on the Wycombe Area site. Please use this form for all areas).