Friday, April 3, 2020

News: Government grants reach Rotherham businesses

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£3.4m was granted to Rotherham businesses as the first companies receive support under a business grants scheme to support those affected by the coronavirus outbreak.

As part of a raft of unprecedented measures thousands of high street firms are beginning to receive £25,000 cash grants and will be exempt from business rates.

The first 345 businesses in Rotherham received their grants this week.

Eligible properties, including those in the retail, hospitality and leisure sectors, will not pay business rates for the next 12 months. The smallest businesses in these sectors are also beginning to receive one off grants of either £10,000 or £25,000. The business rates holiday also applies to England's nurseries.

An early payment of £3.4 billion was made to local authorities last week to ensure grants would get to businesses as soon as possible.

Rotherham Council said that it would recalculate and reissue the relevant business rates bills automatically for those businesses already getting retail relief, therefore, these businesses don't need to do anything. Businesses who are not currently in receipt of any retail relief, will need to fill out a claim which can be done online.



Rishi Sunak, Chancellor of the Exchequer, said: "High street businesses are at the core of what keeps our economy thriving.

"That is why we are taking the unprecedented step to provide businesses with the vital cash they need to ensure their survival during this difficult time."

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Business Secretary Alok Sharma, added: "Business rates can often be one of the main fixed costs for small companies up and down the country, which is why today's suspension of business rates for retailers and our hospitality and leisure industries will offer much-needed support in these challenging times.

"The rates relief and grants are in addition to the government’s wide-ranging support for the economy. This includes the government paying the wages of millions of employed and self-employed people by covering 80% of monthly incomes through the Coronavirus Job Retention Scheme and the Self Employment Income Support Scheme."

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3 comments:

Martin Horst,  April 3, 2020 at 12:18 PM  

Allegedly these were Wednesday's figures - "More than £7.26m has been paid to 661 of Rotherham businesses through various coronavirus support grants in the last two days - with hundreds more payments to be made this week."

There is no rhyme nor reason as to who is getting paid and in what order. It's not in order of application, it's not in order of Post Code, it's not whether you are Ltd or VAT Registered.

There are so many conflicting bits of information regarding when the money was released by HM Government even though the Government briefing notes state quite clearly that councils will be re-imbursed in full.

BMBC were paying grants well over a week ago.

There are small businesses that are sat waiting for the grants to enable them to properly forecast the weeks ahead - The grants should have been paid by now to enable this. If payments are delayed much more there will be businesses that fold when they may not have had to if they had received the promised funding sooner.

Unknown April 3, 2020 at 2:20 PM  

My Rotherham home care company supports 70+ people which helps the NHS but we can't get a Small Business Grant of £10K. Our rates are paid via our landlord. No separate rates number = no Grant. This is arbitrary & grossly unfair. Why?

Mr me April 6, 2020 at 4:12 PM  

What I find unfair, is millions of people sat at home on 80%wages upto £2500 per month. They should be on normal benifits, why as they're not working are they any differant to any other person not working, cost is astronomical, and its also an insult to people still going to work taking risk with there health, like NHS staff!

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