As you may know, in response to the Coronavirus, the Government announced there would be support for small businesses, and businesses in the retail, hospitality and leisure sectors.
This support takes the form of two grant funding schemes - the Small Business Grant Fund and the Retail, Hospitality and Leisure Grant Fund.
The schemes are being delivered to Hertford and Ware businesses by East Herts Council. If you are eligible, the council should have been in touch with you already to arrange payment.
The council has been given £31 million to distribute to local businesses. If you think your business qualifies for a grant, but you haven’t yet received any money, you can apply to East Herts Council online at the link below:
https://www.eastherts.gov.uk/coronavirus/coronavirus-and-businesses/covid19-grant
Under the Small Business Grant Fund (SBGF) all eligible businesses in England in receipt of either Small Business Rates Relief (SBRR) or Rural Rates Relief (RRR) in the business rates system will be eligible for a payment of £10,000.
Under the Retail, Hospitality and Leisure Grant (RHLG) eligible businesses in England in receipt of the Expanded Retail Discount (which covers retail, hospitality and leisure) with a rateable value of less than £51,000 will be eligible for a cash grants of £10,000 or £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.
Businesses with a rateable value of £51,000 or over are not eligible for this scheme. Businesses which are not ratepayers in the business rates system are not included in this scheme.
Businesses with a property that on the 11 March 2020 were eligible for Small Business Rate Relief (SBRR) Scheme (including those with a Rateable Value between £12,000 and £15,000 which receive tapered relief).
Businesses which on 11 March 2020 were eligible for relief under the Rural Rate Relief Scheme are also eligible for this scheme.
Eligible recipients will receive one grant per property.
We are committed to helping all Hertford and Ware business owners get through this extraordinary time, so that you emerge from this situation ready to flourish and thrive like never before. If you need help or just more information, email me at hertfordandware@thebestof.co.uk.
Victoria Hunter
