Greater Manchester mayor Andy Burnham led calls for businesses to urgently apply for a share of the £629m coronavirus grant funding available from local authorities in the region.
Written on April 7, 2020 by Xeinadin Group
Businesses that are the main rate payer of business rates can be eligible for grant support of between £10,000 and £25,000 and may miss out on vital financial support if they do not apply by the end of April.
It is vital that eligible businesses contact their local authority to apply for a grant.
Funding is available for eligible companies but councils administering schemes may not have contact details for businesses, many of which are temporarily closed due to coronavirus.
The Small Business Grant Fund (SBGF) will provide businesses with a grant of £10,000 to help support them during the COVID-19 crisis.
This grant is for businesses, with a property, that as of March 11, 2020, were in receipt of Small Business Rates Relief or Rural Rates Relief.
The Retail, Hospitality and Leisure Grant Fund (RHLGF) will offer businesses in these sectors across Greater Manchester a grant of up to £25,000.
This grant is for businesses in those sectors with a rateable value of less than £51,000 and who would have been eligible for the Expanded Retail Discount Scheme.
For businesses with a rateable value of £15,000 or less the grant will be £10,000. For businesses with a rateable value of £15,000-£51,000 the grant will be £25,000.
Businesses need to apply via the local authority where they are located.
Businesses can also find out if they are eligible by going to https://www.businessgrowthhub.com/coronavirus/local-business-support/greater-manchester and https://www.gov.uk/government/publications/coronavirus-covid-19-business-support-grant-funding-guidance-for-businesses
Mayor Andy Burnham, along with Greater Manchester local authority leaders, members of the Greater Manchester Local Enterprise Partnership, and the Growth Company, is working to ensure that businesses are accessing the support that is available for them.
Mayor Burnham said: “Colleagues in all of Greater Manchester’s local authorities are working flat out to get this money out to businesses who so desperately need it to survive.