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Small Business Grants Fund

Question for Treasury

UIN 37854, tabled on 20 April 2020

To ask the Chancellor of the Exchequer, if his Department will make an assessment of the potential merits of enabling businesses that have multiple premises in different local authority areas to access the £10,000 small business grant funding.

Answered on

28 April 2020

The Small Business Grant Fund has been designed to support the smallest businesses which have been hit hardest by the measures taken to prevent the spread of Covid-19. The design of the scheme has been tied to existing eligibility for Small Business Rates Relief and Rural Rates Relief, which together provide a straightforward framework for Local Authorities to make payments as quickly as possible. Any delay in the delivery of the grants schemes would be highly unwelcome during this time of crisis, when it is vital that Local Authorities make payments to hard-hit businesses as quickly as possible.

Under the Retail, Hospitality, and Leisure Grant Fund, properties operating in those sectors with a rateable value of £15,000 or under can receive a £10,000 even if they are not eligible for Small Business Rates Relief or Rural Rates Relief. This is designed to help sectors which have been particularly hard hit by the closures necessary to stop the spread of Covid-19.

Answered by

Treasury