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Gedling businesses financial support package

Alert message sent 08/04/2020 15:32:00

Information sent on behalf of Neighbourhood Watch in Nottinghamshire

Businesses in Gedling can now access the government’s financial support package by visiting the council’s website and verifying their details.

Gedling Borough Council has begun paying out up to £18 million of grants as part of the Government’s financial support package following national restrictions imposed to reduce the spread of Coronavirus.

Businesses need to visit www.gedling.gov.uk/businessgrants and fill out a quick form that verifies their status and allows the council to send payments.

Businesses applying will need to have their business rates account number and a copy of their bank statement. They will also need to know the name of the business exactly as it appears on their business rates bill.

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.

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

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 many 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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