{"id":125975,"date":"2020-03-18T15:16:47","date_gmt":"2020-03-18T15:16:47","guid":{"rendered":"https:\/\/startups.co.uk\/?p=125975"},"modified":"2023-12-14T14:05:28","modified_gmt":"2023-12-14T14:05:28","slug":"coronavirus-small-business-grant","status":"publish","type":"post","link":"https:\/\/startups.co.uk\/funding\/grants\/coronavirus-small-business-grant\/","title":{"rendered":"How can my small business get the \u00a310,000 coronavirus grant"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><p>[vc_row][vc_column] <\/p><div class=\"flexi-comp-lw\">\n <div class=\"flexi-comp-lw-text\">\n <p>Startups.co.uk is reader supported &ndash; we may earn a commission from our recommendations, at no extra cost to you and without impacting our editorial impartiality.<\/p>\n <\/div>\n <\/div>\n[vc_column_text hash_url=&rdquo;&rdquo; title_type=&rdquo;h1&Prime;]<span style=\"font-weight: 400\">A key part of Chancellor Rishi Sunak&rsquo;s 2020 budget announcements was a commitment to offering some UK small businesses &pound;3,000 <a href=\"https:\/\/startups.co.uk\/funding\/grants\/small-business-grants\/\"><strong>business grants<\/strong><\/a> to help mitigate the impact of coronavirus. As the scale of the crisis&rsquo;s economic impact became clear, this was subsequently increased to &pound;10,000.<\/span>\n<p><span style=\"font-weight: 400\">In this guide, we&rsquo;ll cover who is eligible, how to apply, and the arrangements for other parts of the UK:<\/span>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column]<\/p><div class=\"jumplinks-content\">\n <ul class=\"jumplinks-content-list\">\n <li class=\"jumplinks-content-item\">\n <a class=\"jumplinks-content-link jumplink-anchor\" href=\"#link-which-small-businesses-are-eligible-for-a-coronavirus-grant\">Which small businesses are eligible for a coronavirus grant?<\/a>\n <\/li>\n <li class=\"jumplinks-content-item\">\n <a class=\"jumplinks-content-link jumplink-anchor\" href=\"#link-how-to-apply-for-a-coronavirus-small-business-grant\">How to apply for a coronavirus small business grant<\/a>\n <\/li>\n <li class=\"jumplinks-content-item\">\n <a class=\"jumplinks-content-link jumplink-anchor\" href=\"#link-what-small-business-coronavirus-grants-are-available-in-other-parts-of-the-uk\">What small business coronavirus grants are available in other parts of the UK?<\/a>\n <\/li>\n <li class=\"jumplinks-content-item\">\n <a class=\"jumplinks-content-link jumplink-anchor\" href=\"#link-summary\">Summary<\/a>\n <\/li>\n <\/ul>\n<\/div>\n[\/vc_column][\/vc_row][vc_row][vc_column]<div class=\"jumplink-anchor-section\">\n <div class=\"jumplink-anchor-pointer\" id=\"link-which-small-businesses-are-eligible-for-a-coronavirus-grant\"><\/div>\n<\/div>\n[vc_column_text show_in_index=&rdquo;true&rdquo; title_index=&rdquo;Which small businesses are eligible for a coronavirus grant?&rdquo; title=&rdquo;Which small businesses are eligible for a coronavirus grant?&rdquo;]\n<h2>Which small businesses are eligible for a coronavirus grant?<\/h2>\n<p>Unfortunately, not all UK small businesses will be eligible for this grant, there are a few boxes that your business must tick.<\/p>\n<p>The <a href=\"https:\/\/www.gov.uk\/government\/publications\/guidance-to-employers-and-businesses-about-covid-19\/covid-19-support-for-businesses\">official grant guidance<\/a> is that:<\/p>\n<ul>\n<li>Your business must have a business premises<\/li>\n<li>That business premises must be in England<\/li>\n<li>You must be eligible for either <a href=\"https:\/\/www.gov.uk\/apply-for-business-rate-relief\/small-business-rate-relief\" target=\"_blank\" rel=\"noopener noreferrer\">small business rate relief (SBRR) or rural rate relief<\/a><\/li>\n<\/ul>\n<p>This means that many startups will be excluded &ndash; basically you need to have a business premises in England, but the tradable value of those premises needs to be <b>below &pound;15,000<\/b>.<\/p>\n<p>Approximately 700,000 small businesses are expected to be eligible.<\/p>\n<hr>\n<p>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column]<\/p><div class=\"jumplink-anchor-section\">\n <div class=\"jumplink-anchor-pointer\" id=\"link-how-to-apply-for-a-coronavirus-small-business-grant\"><\/div>\n<\/div>\n[vc_column_text show_in_index=&rdquo;true&rdquo; title_index=&rdquo;How to apply for a coronavirus small business grant&rdquo; title=&rdquo;How to apply for a coronavirus small business grant&rdquo;]\n<h2>How to apply for a coronavirus small business grant<\/h2>\n<p>The scheme will be rolled out through local authorities &ndash; with the government stating that <b>eligible businesses will be contacted by their local authority in due course<\/b>.<\/p>\n<p>The government has stated that guidance for local authorities will be provided shortly, and that local authorities will get funding for the scheme in early April.<\/p>\n<p>So, the bottom line is that it will take at least 3-4 weeks for businesses to receive money through the scheme.<\/p>\n<hr>\n<p>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column]<\/p><div class=\"jumplink-anchor-section\">\n <div class=\"jumplink-anchor-pointer\" id=\"link-what-small-business-coronavirus-grants-are-available-in-other-parts-of-the-uk\"><\/div>\n<\/div>\n[vc_column_text show_in_index=&rdquo;true&rdquo; title_index=&rdquo;What small business coronavirus grants are available in other parts of the UK?&rdquo; title=&rdquo;What small business coronavirus grants are available in other parts of the UK?&rdquo;]\n<h2>What small business coronavirus grants are available in other parts of the UK?<\/h2>\n<p>As business rates are devolved, different arrangements are in place for Wales, Scotland and Northern Ireland.<\/p>\n<h3>Wales<\/h3>\n<p>The Welsh government has announced that <a href=\"https:\/\/businesswales.gov.wales\/coronavirus-advice\" target=\"_blank\" rel=\"noopener noreferrer\">&pound;100m will be made available for small business grants<\/a>, but has not yet released details of this scheme.<\/p>\n<h3>Scotland<\/h3>\n<p>The official guidance for small businesses in Scotland is that an <a href=\"https:\/\/businesswales.gov.wales\/coronavirus-advice\" target=\"_blank\" rel=\"noopener noreferrer\">&pound;80m fund will provide grants of at least &pound;3,000<\/a> to small businesses in those sectors worst affected by the coronavirus outbreak.<\/p>\n<h3>Northern Ireland<\/h3>\n<p>Currently the only official support that has been announced for small businesses in Northern Ireland is a <a href=\"https:\/\/www.finance-ni.gov.uk\/news\/covid-19-ps100m-emergency-rates-package-businesses\" target=\"_blank\" rel=\"noopener noreferrer\">three-month business rates &ldquo;holiday&rdquo;<\/a> for all businesses in Northern Ireland. Further announcements are expected in the coming days.<\/p>\n<hr>\n<p>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column]<\/p><div class=\"jumplink-anchor-section\">\n <div class=\"jumplink-anchor-pointer\" id=\"link-summary\"><\/div>\n<\/div>\n[vc_column_text show_in_index=&rdquo;true&rdquo; title_index=&rdquo;Summary&rdquo; title=&rdquo;Summary&rdquo;]\n<h2>Summary<\/h2>\n<ul>\n<li>Eligible businesses must have a business premises in England and claim business rates relief<\/li>\n<li>Eligible businesses will be contacted by their local authority<\/li>\n<li>Local authorities will receive funding in early April and the distribute grants to small businesses that have applied for them<\/li>\n<\/ul>\n<p>Commenting on the scheme, Startups.co.uk editor Bryn Glover stated:<\/p>\n<p>&ldquo;It&rsquo;s great to see the government taking small business seriously in the budget, and they have taken that a step further since COVID-19 has spread. However, with the strict criteria in place for qualification, many small businesses and sole traders will still be vulnerable. It remains to be seen whether the government&rsquo;s actions so far will be enough to stem the likely tide of struggling businesses, or if more will need to be done in the coming weeks and months.&rdquo;[\/vc_column_text] <\/p><div class=\"flexi-comp-lw\">\n <div class=\"flexi-comp-lw-text\">\n <p>Startups.co.uk is reader-supported. If you make a purchase through the links on our site, we may earn a commission from the retailers of the products we have reviewed. This helps Startups.co.uk to provide free reviews for our readers. It has no additional cost to you, and never affects the editorial independence of our reviews.<\/p>\n <\/div>\n <\/div>\n[\/vc_column][\/vc_row][vc_row][vc_column][\/vc_column][\/vc_row]\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>[vc_row][vc_column][vc_column_text hash_url=&rdquo;&rdquo; title_type=&rdquo;h1&Prime;]A key part of Chancellor Rishi Sunak&rsquo;s 2020 budget announcements was a commitment to offering some UK small businesses &pound;3,000 business grants to help mitigate the impact of coronavirus. As the scale of the crisis&rsquo;s economic impact became clear, this was subsequently increased to &pound;10,000. In this guide, we&rsquo;ll cover who is eligible, [&hellip;]<\/p>\n","protected":false},"author":91464,"featured_media":125976,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[3102],"tags":[],"acf":[],"yoast_head":"\n<title>How can my small business get the \u00a310,000 coronavirus grant - Startups.co.uk<\/title>\n<meta name=\"description\" content=\"For many small businesses, the announcement of \u00a310,000 coronavirus grants was a vital lifeline. 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