Grant funding for ongoing business costs- who is eligible and how to apply

Local authorities are to receive funding from central government to provide grants for certain businesses to help meet ongoing business costs.

HMRC has confirmed that these grants will be taxable so they must be declared as part of your business turnover in the year of receipt, however, only businesses which make an overall profit once the grant income is included will be subject to tax.

Support for businesses that pay little or no business rates

A £10,000 one-off grant will be available to eligible businesses.

To be eligible for the grant, your business must be based in England, occupying a property and already in receipt of small business rate relief or rural rate relief.

Support for retail, hospitality and leisure businesses that pay business rates

Grants of up to £25,000 will be available to businesses in the retail, hospitality and leisure sectors.

Businesses in these sectors occupying a property with a rateable value of up to £15,000 may be eligible for a grant of £10,000. Those occupying a property with a rateable value of between £15,000 and £51,000 may be eligible for a grant of £25,000.

To be eligible for this grant, your business must be based in England, operating in the retail, hospitality or leisure sector from a premises with a rateable value of less than £51,000.

Properties that will benefit from the relief will be occupied properties that are wholly or mainly being used:

  • as shops, restaurants, cafes, drinking establishments, cinemas and live music venues;
  • for assembly and leisure such as sports grounds and clubs, museums, art galleries, nightclubs, theatres, tourist attractions, gyms, wellness centres, casinos, gambling clubs and bingo halls;
  • as hotels, guest and boarding premises and self-catering accommodation including holiday homes and caravan parks and sites;
  • for services provided to visiting members of the public such as hair and beauty services, shoe repairs, travel agents, ticket offices, dry cleaners and laundrettes, electrical repairs, funeral directors, tool and car hire, employment agencies, estate agents and betting shops.

How to access either scheme

In order to apply for either grant, you will need to visit your local authority’s website and complete the application form.

In order to complete the application, you will be asked to confirm:

  • Business Rates Account Number (shown on your rate bill)
  • Unique Property Reference Number (shown on your rate bill)
  • Rateable Value of your property
  • VAT Number
  • Company Registration Number
  • Occupancy ID (shown on your rate bill)
  • Sort code
  • Bank or building society account number
  • E-mail address
  • Phone number

For ease, the following links will take you directly to the application page for local authorities in our area:

Newcastle Council:
https://www.newcastle.gov.uk/services/public-health-wellbeing-and-leisure/public-health-services/coronavirus-covid-19/support-business-coronavirus

North Tyneside Council:
https://my.northtyneside.gov.uk/category/1428/coronavirus-covid-19-small-business-grants

Gateshead Council:
https://www.gateshead.gov.uk/article/1797/Business-rates

Northumberland Council:
https://www.northumberland.gov.uk/coronavirus/Support-for-Businesses-coronavirus.aspx

Durham Council:
http://durham.gov.uk/ndrgrants

South Tyneside Council:
https://www.southtyneside.gov.uk/article/69276/Coronavirus-COVID-19-emergency-business-grant-request

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