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Home > Business > Business Rates > COVID-19 Grant Funding Schemes

COVID-19 Grant Funding Schemes

Small businesses in Babergh and Mid Suffolk can now access one of three Government business grants to help with ongoing costs during the coronavirus crisis:

  • Discretionary Grant
  • Small Business Grant Fund
  • Retail, Hospitality and Leisure Fund

You can only apply for one of the grants listed above.

Discretionary Grant

This grant is for businesses who are not eligible for either the Small Business or Retail, Hospitality and Leisure Grant Funds but still have ongoing fixed property-related costs such as rent, license fees, hire or mortgage payments.

Eligible businesses must complete an online application form and provide evidence they operate from a single premises, were trading at the premises on 11 March 2020 and demonstrate a significant fall in income due to COVID-19.

To qualify for the Discretionary Grant, businesses must be permanently operating out of either:

  • a share of a larger business premises which is rated for business rates purposes, where the relevant share would have a rateable value of £15,000 or less, or £51,000 if the business is in the Retail, Hospitality and Leisure sector
  • a regular market stall on the weekly markets in Hadleigh, Stowmarket and Sudbury
  • a bed and breakfast premises in a residential property that is subject to council tax. Bed and breakfast businesses must hold a current food safety licence demonstrate their role as a premises where breakfast is regularly supplied to guests
  • a charity premises which is rated for business rates purposes and has a rateable value of £15,000 or less

To be eligible, the overall property they operate from must have been trading on 11 March 2020. The Discretionary Grant cannot be claimed if you have received any other grant funding (excluding the Self Employment Income Support Scheme).

The following evidence will need to be provided to show a loss of earning due to the coronavirus:  

  • A signed written statement of the impact on its financial position of Covid-19, together with evidence that demonstrates this, for example, order books, management accounts or bank statements
  • The business should include a description of what goods or services it offers and therefore what the impact of Covid-19 has been. For example, where a business has been required to close under social distancing requirements, this should be stated, evidence of cancellations
Application for the Discretionary Grant

More information about the Discretionary Grant can be found on the BMSDC Discretionary Grant Policy or go to the Discretionary Grant Frequently Asked Questions.

For help to apply for the Discretionary Grant, please contact the Economic Development team

The Discretionary Grant is open for applications until Friday 19 June (5pm).

 

Scheme 1 – Small Business Support Grant Fund

£10,000 will be given through the support grant to:

  • properties in receipt of rural rate relief
  • properties in receipt of small business rate relief

Exclusions to Small Business Grant Fund

  • Businesses whose rates are calculated with the small business rate relief multiplier, but who do not receive small business rate relief, will not be eligible
  • Business properties which are occupied for personal use, such as private stables and loose boxes, beach huts and moorings
  • Car parks and parking spaces
  • Businesses which as of the 11 March were in liquidation or were dissolved

Read a copy of the Small Business Support Grant letter sent to businesses

Application for the Small Business Grant under Scheme 1

 

Scheme 2 – Retail, Hospitality and Leisure Business Grant Fund

£10,000 will be given through the grant to businesses in the retail, hospitality and leisure sectors with a rateable value of £15,000 or less.


£25,000 will be given through the grant to businesses in the retail, hospitality and leisure sectors with a rateable value of over £15,000 and under £51,000.

Exclusions to Retail, Hospitality and Leisure Business Grant Fund

  • Business properties which are occupied for personal use, such as private stables and loose boxes, beach huts and moorings
  • Car parks and parking spaces
  • Businesses which as of the 11 March were in liquidation or were dissolved
  • Properties with a rateable value of over £51,000
  • Only one grant may be awarded per property

Read a copy of the Retail, Hospitality and Leisure Grant letter sent to businesses

Application for the Retail, Hospitality and Leisure Business Grant under Scheme 2

 

If you need further information please see the Government business support grant funding website.

All grants are subject to state aid rules, any grant funding paid may be reclaimed if it does not comply with state aid rules.

Information is also available on the full range of support for businesses and employers announced by Government on the Government business support website

We have been informed that some companies are charging fees to complete the application on behalf of small businesses. We are not charging any fees for this grant and urge any business owners to contact us with any queries about the application process:

Contact the Business Rates Team for queries about the Small Business and Retail, Hospitality and Leisure Grants

Or

Contact the Economic Development Team for queries about the Discretionary Grant