To ask the Secretary of State for Business, Energy and Industrial Strategy, whether exhibition businesses are eligible for covid-19-related grant funding from his Department.
7 July 2020
The Government has announced a package of support for businesses to help with their ongoing business costs in recognition of the disruption caused by Covid-19. This package of support includes the Small Business Grant Fund (SBGF) and the Retail, Hospitality and Leisure Grant Fund (RHLGF).
Under the SBGF, all businesses in England in receipt of Small Business Rates Relief or Rural Rates Relief as of 11 March 2020 will be eligible for a payment of £10,000.
Under the RHLGF, businesses in England that would have been in receipt of the Expanded Retail Discount (which covers retail, hospitality and leisure) on 11 March 2020, with a rateable value of less than £51,000, will be eligible for cash grants of up to £25,000 per property:
- Eligible businesses in these sectors with a property that has a rateable value of up to?and including?£15,000 will receive a grant of £10,000.
- Eligible businesses in these sectors with a property that has a rateable value of over £15,000 and less than £51,000 will receive a grant of £25,000.
On?1 May,?the Government announced that up to £617 million has been made available to local authorities?in England to allow them to provide discretionary grants. The?Local Authority Discretionary Grants Fund is aimed at small businesses with ongoing fixed property-related costs that are not liable for business rates or rates reliefs.
Any enquiries on eligibility for, or provision of, these schemes should be directed to the relevant local authority.
Guidance to support local authorities to administer the Fund was published on 13 May at: https://www.gov.uk/government/publications/coronavirus-covid-19-guidance-on-business-support-grant-funding.