Business Grant Funding Scheme - update 13 August 2020
Closing date: the application process for Small Business Support Grants will close at midnight on Friday 28 August 2020.
However, we ask that any outstanding applications are made by Friday 21 August 2020 to allow time for processing and for any business to submit any additional information required. Once the scheme has closed we have until the 30 September 2020 to process any final payments.
Discretionary Business Grants - update 18 June 2020
Our Discretionary Business Grants Fund Scheme closed at 9.15am on the 18 June 2020 due to a high volume of applications.
We are in the process of assessing applications received and decisions will be emailed shortly.
Discretionary Business Grants - update 16 June 2020
Telford & Wrekin Council is launching a third phase of the Discretionary Business Grants Fund to continue to support businesses hit by the coronavirus pandemic.
We are now able to extend the scheme to:
- Locally run businesses (ie: within the borough)
- Those who have experienced a significant loss in income as a result of COVID19
- Those with fixed property costs (rent or mortgage payments)
- Where the ratepayer operates from the business (ie: they are not a landlord / owner of premises)
- Trading as of 11/03/2020
- Not in liquidation or administration
- They are not:
- Entitled to another grant (ie: Small Business Grant)
- A national company
- Have empty premises
- Land used for storage
The application process will close at 12pm Friday 19 June. This scheme may closer earlier if demand exceeds the funding available, and grants will be offered on a first come, first served basis.
Discretionary Business Grants - update 4 June 2020
Telford & Wrekin Council is launching a second phase of the Discretionary Business Grants Fund to continue to support businesses hit by the coronavirus pandemic.
We are now in a position to extend the scheme to include the following businesses:
- Nurseries which are subject to business rates
- Businesses with 2 or more properties within the borough where the highest rateable value is £15,000
- Small Manufacturing businesses which have premises with a rateable value of under £25,000, or more than one property with a combined rateable value of up to £25,000.
The application process will open at 9am, Friday 5 June 2020 and will close at 12pm Friday 12 June 2020.
As part of the first phase, in the region of £450,000 will be awarded to local businesses within the next few days.
Discretionary Business Grants - update 22 May 2020
Telford & Wrekin Council is launching the Discretionary Business Grants Fund to continue to support businesses hit by the coronavirus pandemic on Monday 25 May 2020.
The Council has received £1.47m from the Government for this fund, compared with an allocation of more than £35m for the first scheme.
Small and micro businesses who have fallen through the net of the Government’s initial business support scheme will be able to apply for this fund. Other eligible small and micro businesses will be able to apply, if they meet the criteria as directed by the government.
The application process will open at 9am, Monday 25 May 2020 and will close promptly at 5pm, Friday 29 May 2020.
Additional grant funding - update 14 May 2020
On the 13 May 2020 the Government issued the promised guidance on the Local Authority Discretionary Business Grants Fund. The Government expect the following businesses to be prioritised:
- small businesses in shared offices and other flexible work spaces
- regular market traders
- bed and breakfasts
- small charity properties.
The scheme is primarily aimed at small businesses which have been adversely affected by COVID-19 and have not benefitted from other support measures but face ongoing fixed property costs.
Now that the Council has received the guidance promised by the Government, we will be working on the design of this new scheme and expect to go live no later than 28 May 2020. Once the application process is live, details will be updated on this web page.
Additional grant funding – update 1 May 2020
On Friday 1 May 2020 the Government announced that they will be providing Councils with additional funding to enable them to provide financial support to small businesses which don’t qualify for Small Business Fund and Retail Hospitality and Leisure Fund grant payments.
This applies to businesses which have ongoing fixed property costs and can demonstrate a significant drop in income since the COVID-19 restrictions were put in place. This include businesses in multi occupancy units whose rates are covered in their rental payment, Bed and Breakfast accommodation, market traders, and small charities.
We’re waiting for further details from the government on how this scheme will work and any exclusions before making payments.
We will update this website as soon as we're able to do so. Once we know more we will create an application process and promote its availability.
For information about the package of measures announced to support businesses affected by coronavirus (COVID-19) please visit GOV.UK - Support for those affected by COVID-19 virus.
Business Grant Funding Scheme - update 21 April 2020
We have attempted to contact all the business that we believe qualify for the Small Business Grant. Where possible we have communicated with businesses electronically in the first instance as we recognise that business owners may not be able to pick up mail from their registered premises due to public health guidelines.
This was based on who was in occupation for the purpose of business rates as at the 11 March 2020.
Please note: you do not need to wait for this letter in order to make an application.
If you are a new business and are awaiting for your Business Rates account number to apply, please apply for the grant as soon as possible, entering “New Business” in the account reference field ensuring you provide your full contact details.
The online claim form has been available since Friday 27 March 2020.
Business Grant Funding Scheme - update 25 March 2020
Visit the GOV.UK website for further information about the latest guidance by the Government regarding the financial measures to support businesses.
We are currently working through the Government guidance and we will contact you shortly if we believe your Business qualifies for the Business Grant Funding scheme. We are expecting to have done this by the 1 April 2020.
We will notify you of the application process shortly.
Business Rates Recovery - update 20 March 2020
Unfortunately we are no longer accepting applications for the two month business rates payment holiday.
If you are suffering financial hardship caused by the coronavirus pandemic and are struggling to pay your business rates, please contact us as soon as possible on 01952 383838.
To support businesses that may be struggling at this time, we have agreed the following actions:
- We will not submit a claim to the banks for any Direct Debit instalments that are due in April if your businesses has been identified as entitled to the 100% retail discount. We will be issuing a revised bill in due course. Our aim is to do this within the next few weeks.
We would urge all businesses to pay what they can and seek advice where possible from their bank or other business support.
Chancellors Announcement - 17 March 2020
The Chancellor of the Exchequer announced in March 2020 increased measures for Businesses in regards to coronavirus (COVID-19).
Shops, pubs, theatres, music venues, restaurants - and any other business in the retail, hospitality or leisure sector - will pay no business rates for 12 months.
All discounts announced due to coronavirus (COVID-19) will be automatically applied to the accounts that we believe meet the qualifying criteria. Our aim is to do this within the next few weeks.
For information about the package of measures announced in the March 2020 Budget to support businesses affected by coronavirus (COVID-19) please visit GOV.UK - Support for those affected by COVID-19 virus.
As the government continue to issue further guidance this page will be updated.
March 2020 Budget Announcement
The announcement on the 11 March 2020 means:
- Business Rates properties currently in receipt of retail discount will have their discount increased from 50% to 100%, meaning they will have nothing to pay for a year.
- Pub relief has been increased from £1,000 to £5,000.
Telford & Wrekin 2020/21 Business Rates bills were generated on the 8 March 2020 and issued on the 16 March 2020. Unfortunately we were unable to amend your bill after the budget announcement was made. This means that the bill you will receive for 2020/21 if you are currently in receipt of retail discount will only show retail discount as 50%.
If your business already qualifies for the retail discount or pub relief we will be issuing a revised bill in due course. Our aim is to do this within the next few weeks.
If you already receive retail discount or pub relief there is no need to contact us about your bill.
Last updated: 28/08/2020 23:55