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Small Businesses: Government Assistance

Question for Treasury

UIN 28776, tabled on 12 March 2020

To ask the Chancellor of the Exchequer, with reference to paragraph 1.101 of the 2020 Budget Red Book, if he will publish details of the process by which small businesses will be able access the £3,000 cash grant.

Answered on

20 March 2020

The Chancellor announced on 17 March that this grant will be increased to £10,000 for all businesses in receipt of Small Business Rate Relief, or Rural Rate Relief. In addition, retail businesses with a rateable value of between £15,000 and £51,000 will receive a cash grant of £25,000.

The Department for Business, Energy and Industrial Strategy (BEIS) will write to Local Authorities this week to outline these schemes and will provide detailed guidance as soon as possible. Eligible businesses will be contacted by Local Authorities shortly afterwards to provide details on how to claim this money.

Answered by

Treasury