Birmingham grants for businesses - who qualifies and how much your firm is entitled
The help available for businesses during the new lockdown 3
grants for businesses in third lockdown - who qualifies and how much your firm is entitled
Which businesses are included?
Grants of up to £9,000 per property will be offered to businesses in the retail, hospitality and leisure sectors, the Treasury said.
The payments are expected to cost £4 billion and support 600,000 business properties across the UK.
How much will my business get?
The Treasury said the one-off grants will be linked to business rates, with payments of £4,000 for businesses with a rateable value of £15,000 or less £6,000 for businesses with a rateable value of between £15,000 and £51,000, and £9,000 for businesses with a rateable value of more than £51,000
What about businesses not covered by the new grants?
Another £594 million will be made available to councils and devolved nations to support businesses not covered by the new grants.
Source: https://www.birminghammail.co.uk/news/midlands-news/9000-grants-businesses-third-lockdown-19564044
Disclaimer
The content of this blog is provided for general information purposes only and should not be treated as tax, accounting, legal or financial advice. Tax rules, accounting requirements, legislation, regulations and official guidance can be complex and may change over time. As a result, some information in this article may become outdated, incomplete or no longer applicable after the date of publication.
The application of any tax, accounting or legal rule will depend on your individual or business circumstances. Before making any decision or taking any action based on the information in this article, you should seek advice from a suitably qualified tax professional, accountant, solicitor or financial adviser.
Gondal Accountancy and its staff accept no responsibility or liability for any loss, action taken, or decision made or not made as a result of relying on the information contained in this blog.