Financial support for businesses during coronavirus (COVID-19)
The UK Governemnt has announced excellent measures to tacke the loss of the Businesses during coronavirus situation. The Chancellor has come with the relief for the Businesses in the retail, hospitality and leisure sectors in England. According to the grant the businesses will not have to pay business rates for the 2020 to 2021 tax year and can be eligible for a grants of £10,000.00 to £25,000.00 i.e. the Small Business Grants Fund (SBGF) the Retail, Hospitality and Leisure Grant Fund (RHLGF). Surely. the business has to be be eligible for this.
The guidance gives a complete picture how it will help the businesses. It can be accessed via https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/878082/small-business-grant-and-retail-leisure-hospitality-grant-guidance-for-businesses-v2.pdf.
Should someone feel that the grant has not been provided then MYM Solicitors can help in obtaining the grant.