Government grant funding for certain businesses ratepayers
Bedford Borough Council is administering the Government grant funding for certain businesses ratepayers affected by the ongoing coronavirus pandemic.
£10.12m has already landed in local businesses bank accounts.
Bedford Borough Mayor, Dave Hodgson, said:
“We are working to get this support funding to businesses as soon as possible, with extra staff being transferred to do this work. To date, around 1,300 businesses have filled in a form and 1,100 have been approved.”
Eligible businesses can use an online form to provide the necessary details for their business. The Council says that this method will enable it to get the grant funding to them as quickly as possible.
Grants available to businesses include:
- Small business grant funding of £10,000 for all business in receipt of small business rate relief or rural rate relief
- Grant funding for retail, hospitality and leisure businesses of £10,000 where the rateable value is up to including £15,000, with the grant increasing to £25,000 where the rateable value is between £15,001 and £50,999
This is in addition to a 12-month business rates holiday for all retail, hospitality, leisure and nursery businesses in England.
The Council said that not every eligible business in the Borough has been in touch. If you think your business is eligible for this support, you can check at www.bedford.gov.uk/covid19business.