Restrictions Business Fund Claim by 31 March
Following the announcement on 12 March by the First Minister, two new Non Domestic Rate linked grants were introduced:
Additional support is being introduced to help businesses in the hospitality, tourism, leisure and non-essential retail sectors that pay non-domestic rates. This will operate as a top-up to the Restrictions Business Fund. This will see an eligible business with a rateable value of £12,000 or less receive an extra £4,000 grant payment and eligible businesses with a rateable value of between £12,001 and £500,000 will receive £5,000.
The new grant funding is intended to help businesses with their costs up to 31 March 2021 and will be available to firms regardless of the number of employees.
Local authorities will be administering and distributing both these payments.
If your business pays non-domestic rates and have already received a payment since the firebreak lockdown in October via your Local Authority, you do not need to apply again as you will automatically receive payment via the Restrictions Business Fund into your bank account during March 2021.
However, if you haven’t previously registered with your local authority, the registration process will open from Monday 15 March 2021. Please note that the application process will close at 5pm on 31 March 2021.
Please visit your Local Authority’s website to check eligibility and begin your application.