Grants paid automatically where possible
The Government has confirmed that businesses required to close from Thursday 5 November during this new national lockdown are expected to qualify for a support grant from the Council.
Bedford Borough Council said that any local business that received a business support grant from it earlier in the year and is required to close again for this lockdown does not need to get in touch.
Adding that the Council will be paying these support grants automatically where they can. If any further information is needed before a payment is made, the Council will get in touch with the business.
While the Council is still waiting to receive the detailed guidance from the Government before payments can be made, it has been confirmed that:
- Businesses required to close due to the new national restrictions will be eligible for the following:
- For properties with a rateable value of £15k or under, grants to be £1,334 per month, or £667 per two weeks
- For properties with a rateable value of between £15k-£51k grants to be £2,000 per month, or £1,000 per two weeks
- For properties with a rateable value of £51k or over grants to be £3,000 per month, or £1,500 per two weeks
Cllr Michael Headley, portfolio holder for Finance, said:
“Where we know that a business is eligible and we have all the information, we will be issuing these grants automatically so that this much-needed funding is with local businesses as quickly as possible.
“We will be working to reach out to businesses where we need any further information so that as many local businesses as possible benefit from this national support.
“We are waiting to hear detail from the Government on discretionary funding to help businesses that may slip through the gaps of this first wave of support funding.
“We know that this second lockdown is a really big ask, and the Government has to provide support to those businesses being asked to close again in Bedford Borough and across the country.”
Further information about discretionary grants and other business support, as and when it is received, will be available at www.bedford.gov.uk/bsg.