Business rates: Local Lockdown grant fund
If a local lockdown is announced and business are told to close, they may be eligible for the following
- Businesses with a rateable value of or below £15,000 can now claim up to £1,300 per month.
- Businesses with a rateable value between £15,000 and £51,000 can claim up to £2,000 per month.
- Larger businesses can claim up to £3,000 per month. Additionally, businesses which have been forced to close on a national level (as opposed to just a local basis) will now be eligible for the grants.
Businesses will also be eligible for payment sooner, after only two weeks of closure rather than three.
Local authorities will also receive funds for a discretionary scheme to support those businesses that are not in the rating list