Covid-19 Grants to Small Businesses
Covid-19 Grants to Small Businesses – support still available
The Leader of Solihull Council is calling on local businesses to apply for financial support to help them over the current lockdown period. Despite already pumping £17 million into 1,230 local businesses, up to a further 677 could access available funds.
Councillor Ian Courts, Leader of Solihull Council said:
“We have identified a total of 1,907 businesses in the borough which we believe are entitled to one of the two grants we are operating. As of yesterday, 21 April, we have paid out £17 million to 1,230 businesses.
“However there are still 677 businesses who have not yet applied. I urge them to fill in the simple form and take advantage of this funding. We need our local businesses to keep going and be ready for whenever the lockdown finishes – this funding could be a lifeline.
“We aim to pay these grants out as quickly as possible but we need information from each business before we can make a payment.
“Once we receive a completed form, we have to carry out eligibility and pre-payment checks, which means that it can take up to 10 working days for us to pay the grant. It is vital that businesses who have not yet claimed make their application as soon as possible, so that we can get this essential funding out to them.”
The two grant funds are:
· Small Business Grants Fund
· Retail, Hospitality and Leisure Grant Fund
Under the Small Business Grants Fund, all businesses which on 11 March 2020 were in receipt of either Small Business Rates Relief or Rural Rates Relief will be eligible for a grant payment of £10,000.
Under the Retail, Hospitality and Leisure Grant Fund, businesses which on 11th March 2020 had a rateable value of less than £51,000 and are eligible for a discount under the business rates expanded retail discount scheme will be eligible for a grant of £10,000 for rateable values up to £15,000, or a grant of £25,000 for rateable values between £15,001 and £51,000.
Businesses will either receive the Small Business Grant or the Retail, Hospitality and Leisure Grant, not both.
The Council has already paid all eligible businesses that are entitled to a grant – those which have provided the necessary details to process the payment and have passed the pre-payment checks.
Officers are continuing to work on applications received daily but there are still 677 businesses which have not yet applied. In order to qualify for a grant, businesses need to complete the on-line form which can be found on the following web-page.