As we have previously mentioned, the government is providing temporary funding to local authorities during the Coronavirus pandemic to give financial support to businesses.
Currently there are two schemes that can be applied for;
- The business support grants fund
- The retail, hospitality and leisure business grants fund.
Any grant awarded will be paid into the business bank account however the date of payment is yet to be clarified.
Business support grants fund
£10,000 grants will be available to all business properties which were receiving small business rate relief as of 11 March 2020.
If a property was in receipt of small business rate relief but they property was also occupied for personal use such as private stables, beach huts and moorings will not qualify for the grant.
Retail, hospitality and leisure business grants fund
Properties that were receiving retail relief as of 11 March 2020 will be able to receive grants of up to £25,000.
The amount available will depend on the rateable value of the business premises.
Apply for Grant’s from Torbay Council here:
We will keep an eye out for further grant application information in the other local authorities in the area and keep you all updated. Teignbridge council are yet to update their webpage.