Grants for Small Businesses to Mitigate Coronavirus Impact

A key part of Chancellor Rishi Sunak’s 2020 budget announcements was a commitment to offering some UK small businesses £3,000 grants to help mitigate the impact of coronavirus. As the scale of the crisis’s economic impact became clear, this was subsequently increased to £10,000.

In this guide, we’ll cover who is eligible, how to apply, and the arrangements for other parts of the UK:
· Which small businesses are eligible for a coronavirus grant?
· How to apply for a coronavirus small business grant
· What small business coronavirus grants are available in other parts of the UK?
· Summary

Which small businesses are eligible for a coronavirus grant?

Unfortunately, not all UK small businesses will be eligible for this grant, there are a few boxes that your business must tick. The official grant guidance is that:

This means that many startups will be excluded – basically you need to have a business premises in England, but the rateable value of those premises needs to b  below £15,000.

Approximately 700,000 small businesses are expected to be eligible.

We are grateful to Julian Brent of Wyre Council for posting this on Basecamp

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