Coronavirus – Support for businesses
The UK government has announced a package of help for businesses through this period of disruption.
You can get the latest information by visiting the Department for Business, Energy and Industrial Strategy's website.
The Council will be responsible for administering the following:
Covid 19 Business Support Grants: Local Authority Discretionary Fund
At the beginning of May the government announced that it would provide local authorities with additional funding to support small businesses with high fixed property costs which are not eligible for the current Small Business Rates (SBR) and Retail, Hospitality and Leisure (RHL) grant schemes.
All councils in the country will be required to use their own discretion to create a local scheme with specific criteria for identifying and awarding business grants from funding made available.
Councils have not yet received full details from the government of the guidelines it needs to follow in order to create its scheme. Although preliminary work has been undertaken to consider those businesses Sandwell would like to support, the scheme itself cannot be developed and launched at present.
As soon as the guidelines are received from the government Sandwell’s own discretionary grant scheme will be implemented and we will inform businesses accordingly.
Small Business Grants and Retail, Hospitality and Retail Grants
We have written to all small businesses and Retail, Hospitality and Leisure companies/traders who operate from premises with a rateable value of under £51,000 to advise them of their potential entitlement to a business support grant. The letter asked businesses to provide information so we can establish if they are eligible for the grant and also the information we need to make a payment.
This information must be provided on an online form which you can find here.
As part of the application process you will be asked to upload a copy of your business' latest bank statement (For limited companies, this must be a company bank account. We will not be able to pay grants for a limited company into a personal bank account). Once we have received your completed online form and bank statement, we are required to carry out some due diligence checks to verify the information you have provided. If it is established you are eligible for a grant, it will be paid into your bank account via BACS. We appreciate that these are difficult times for our business community and we aim to deal with applications as quickly as possible. However due to the high volume of applications it may take up to 10-15 days to check and process your application. All businesses will receive a letter confirming whether or not they are eligible and payment will be made to eligible businesses by BACS.
More advice for businesses – Think Sandwell
You can also visit our Think Sandwell website for more information about support available for businesses during the coronavirus pandemic.