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Local businesses to begin receiving government grants soon

Alert message sent 03/04/2020 17:03:00

Information sent on behalf of Neighbourhood Watch in Nottinghamshire

Businesses in Gedling Borough will begin to receive £18 million of grants over the next few days as part of the Government’s financial support package following national restrictions imposed to reduce the spread of Coronavirus.

In March, the Government announced that grants of £10,000 and £25,000 would be made available to eligible businesses, with around 1,200 businesses in Gedling in line for the £10,000 grant and around 180 businesses qualifying for the £25,000 grant.

Gedling Borough Council is responsible for distributing these grants and has now received the funding from Government so we have started the process of making payments to businesses.

The grants available include:

small business grant funding of £10,000 for all business in receipt of small business rate relief or rural rate relief
£10,000 grant per business in the Retail, Hospitality, and Leisure Sector with rateable value of 15,000 or less
grant funding of £25,000 for retail, hospitality and leisure businesses with property with a rateable value between 15,001 and 50,999

Businesses who are eligible for the grants will be contacted by the council in the next few days and do not need to call the offices as they are receiving a high number of calls and the customer services team will not be able to apply the grants. For more information about the grants visit www.gedling.gov.uk/coronavirus

In addition to these grants, the Government is providing a 12-month business rates holiday for all retail, hospitality, leisure and nursery businesses in England, which will benefit over 450 businesses across Gedling Borough. The council is processing this automatically and sending out revised bills, meaning businesses do not need to do anything.
Message sent by
Bob Vaughan-Newton (NHW, MSA, Gedling North)

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