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13 April 2020The government is offering cash grants of up to £25,000 for businesses in the retail, hospitality and leisure sectors.
13 April 2020This information is based on what's provided on the gov website as of 15 April 2020. We are working hard to ensure that all content on our site is up to date, and will make sure that this page is updated when more information is available.
The Retail, Hospitality and Leisure Grant Fund (RHLGF) offers business owners grants of up to £25,000 per owned commercial property. This scheme looks to support businesses that have been forced to close as a result of the lockdown.
Whether you receive a £10,000 or £25,000 cash grant from the government depends on the value of your commercial business premises.
If you operate from commercial premises with a rateable value of £15,000 or less, you could receive £10,000. If your premises are valued at between £15,000 and £51,000 then you could receive £25,000.
If you're unsure of the value of your premises, you can check the rateable value of your business property here.
To qualify for this cash grant:
Any enquiries about your business’ eligibility for these grants should be made directly to your local authority.
If you’re eligible for a grant, your local authority should contact you. However, each local council operates differently – some have decided to run an application process so it’s worth checking your area to find out if you need to take any action.
It’s also important to check that your local authority has your business contact and bank account information up to date.
Find your local authority.
In order to receive the £25,000 cash grant, retail, hospitality and leisure businesses in Scotland will need to operate out of commercial premises with a rateable value of between £18,000 and £51,000.
In order to be eligible for a retail, hospitality and leisure grant, Welsh businesses must own a commercial property with a value between £12,001 and £51,000.
So far, no grants have been announced for businesses in these three key sectors. The government have announced that business rates payments will be deferred for the next three months on any business property.
Businesses in England, Wales, Scotland and Northern Ireland may also be eligible for a further £10,000 grant through the Small Business Grant Fund (SBGF), depending on whether they are eligible for pre-existing business rates relief schemes.
If your business is already receives either Small Business Rates Relief (SBRR) or Rural Rates Relief (RRR), then you could be eligible for this additional £10,000 cash grant. For more information on this, visit our business rates relief page.
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Dan is part of the content team at iwoca. He writes articles explaining financial topics, as well as guides on the best support for small businesses during coronavirus.
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