Coronavirus information

Small Business Grant

In March, the government announced a £10,000 grant for small businesses that currently qualify for small business rates relief.

We wrote to all eligible businesses seeking confirmation of bank details so that we could make payments via BACS as soon as possible. We urged businesses to contact us to enable prompt payment, encouraging them to email their BACS details to ensure prompt payment to business.rates@reading.gov.uk.  Where BACS details were already held, payments were made automatically. Over £25 million in grants has been allocated to over 1,800 businesses in Reading.

Local Authority discretionary grant funding

In May the Government announced that small businesses across Reading would be able to apply to their local authority for discretionary funding to support them through the Covid-19 crisis.

Details of the funding can be found here: https://www.gov.uk/government/news/top-up-to-local-business-grant-funds-scheme

This discretionary fund was aimed at small businesses with less than 50 employees and with ongoing fixed property-related costs who could demonstrate that they had seen a significant drop in their income due to Coronavirus restriction measures. Local authorities were asked by Government to prioritise businesses in shared spaces, regular market traders, small charity properties that would meet the criteria for Small Business Rates Relief, and bed and breakfasts that pay council tax rather than business rates.

The Council invited applications during a two-week window from 1st to 14th June and applications are being assessed as quickly as possible.

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