Restart Grant scheme upto 18000 for your small business – what is it and where to claim

A Restart Grant worth up to £18,000 for the largest businesses will help shops, pubs, hotels and any other small business through to June 21, when it’s hoped the final coronavirus restrictions will be lifted.

Mr Sunak is also expected to announce on Wednesday that other small business support schemes such as furlough will be extended until the end of June.

Where to find your Restart Grant

The Restart Grant scheme, administered by local councils, will help almost 700,000 small business owners including those running shops, pubs, clubs, hotels restaurants, gyms and hair salons.

Non-essential retail businesses will get up to £6,000 per premises through the Restart Grant scheme to help them reopen. Shops will reopen no earlier than April 12, according to the Government’s Covid-19 roadmap.

More Restart Grant money will be available for any small business in hospitality, accommodation, leisure, personal care and gyms, which will reopen later and will be more affected by restrictions. They can receive up to £18,000, depending on their rateable value.

Source: https://smallbusiness.co.uk/local-authority-discretionary-grants-fund-how-it-can-help-your-business-2550508/

Disclaimer: Please be advised that the content of this blog is meant to serve as general information only, and should not be considered as tax advice. Given the complexity of tax laws and the potential for regulatory changes, it is strongly advised that you seek the guidance of a qualified tax professional or financial advisor prior to making any decisions based on the information contained in this blog. Please note that neither Gondal Accountancy nor its staff assume any responsibility or liability for any decisions made or not made as a result of the information presented in this article.