More than 10,000 small businesses in England originally missed out on government grants to mitigate the impact of the coronavirus lockdown because they are based in shared offices.
The government has now addressed this and pledged a further £617m in grants to small businesses in shared spaces, regular market traders, small charity properties that would meet the criteria for Small Business Rates Relief, and bed and breakfasts that pay council tax rather than business rates.
This new measure was announced on Saturday.
The allocation of funding will be at the discretion of local authorities.
Businesses must be small, under 50 employees, and they must also be able to demonstrate that they have seen a significant drop of income due to Coronavirus restriction measures.
There will be three levels of grant payments. The maximum will be £25,000. There will also be grants of £10,000. local authorities will have discretion to make payments of any amount under £10,000. It will be for councils to adapt this approach to local circumstances.
Businesses seeking information should refer to the Government’s business support website
