The new Buckinghamshire Council is providing support for businesses in the area. As at close of business on Tuesday 14 April, 2,900 successful applications had been processed, but it is believed that many more businesses may be entitled to receive a grant.
Cllr Tett encourages any businesses that hadn’t applied yet to do so by visiting www.buckinghamshire.gov.uk/businessgrant. The grants are available to all eligible businesses and, as they are grants and not loans, do not need to be repaid.
Most businesses in the retail, hospitality and leisure sectors, and businesses receiving Small Business Rate Relief or Rural Rate Relief will receive a grant as follows:
- Eligible properties with a rateable value of £15,000 or less will receive a £10,000 grant
- Eligible properties with a rateable value of more than £15,000 and up to £51,000 will receive a £25,000 grant
To be eligible for a grant, companies and traders must have been liable for business rates on 11 March 2020. If not, there is no entitlement to relief.
Buckinghamshire Council has paid out £38.3 million in coronavirus business grants to 2,900 small local businesses and businesses in the retail, hospitality and leisure sectors*
* This was the number processed and paid by the end of the day on Tuesday 14 April.
For general information about business grants and full details of eligibility criteria visit our ‘Local support for businesses’ page at https://www.buckinghamshire.gov.uk/coronavirus/coronavirus-business-support-hub/local-support-businesses/