Saturday, October 24, 2020

Business Grants from the Coronavirus Restrictions Fund

There are currently 2 funds available under this scheme - the business closure fund and the business hardship fund. Grants are administered by local authorities to whom any applications must be made by 3 November (for the current set of restrictions). The amount of grant is dependent upon the rateable value of the premises. To be eligible for the business closure fund your business must have been required by law to close (except for takeaway) under the new restrictions. For the business hardship fund you must be a hospitality business or gym required by the regulations to operate in a restricted way.