Small businesses, and business in the retail, hospitality and leisure industries are being advised to apply for coronavirus business grants direct through Buckinghamshire Council.
This follows reports that there are people cashing in on the Covid-19 situation and offering to ‘help’ businesses by applying for the grants on their behalf – for a fee. There is no advantage to using a third party to apply for the grant, only the loss of the fee.
The government-funded grants are available to all eligible businesses and applications can be made on the Buckinghamshire Council website at www.buckinghamshire.gov.uk/businessgrant
Most businesses in the retail, hospitality and leisure sectors, and businesses 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 not, there is no entitlement to relief.