Businesses across Gedling borough can now access the government’s financial support package by visiting the council’s website and verifying their details.
Gedling Borough Council has begun paying out up to £18 million of grants as part of the Government’s financial support package following national restrictions imposed to reduce the spread of Coronavirus.
Businesses need to visit www.gedling.gov.uk/businessgrants and fill out a quick form that verifies their status and allows the council to send payments.
Businesses applying will need to have their business rates account number and a copy of their bank statement. They will also need to know the name of the business exactly as it appears on their business rates bill.
In March, the Government announced that grants of £10,000 and £25,000 would be made available to eligible businesses, with around 1,200 businesses in Gedling in line for the £10,000 grant and around 180 businesses qualifying for the £25,000 grant.
The grants available include:
- small business grant funding of £10,000 for all business in receipt of small business rate relief or rural rate relief
- £10,000 grant per business in the Retail, Hospitality, and Leisure Sector with rateable value of 15,000 or less
- grant funding of £25,000 for retail, hospitality and leisure businesses with property with a rateable value between 15,001 and 50,999
In addition to these grants, the Government is providing a 12-month business rates holiday for all retail, hospitality, leisure and nursery businesses in England, which will benefit many businesses across Gedling Borough. The Council is processing this automatically and sending out revised bills, meaning businesses do not need to do anything.
Deputy Leader of Gedling Borough Council, Councillor Michael Payne said;
“We are now able to begin making these much needed payments to business affected by the Coronavirus outbreak. It has taken a huge effort from our staff to be able to create the system in order to be able to ensure the correct payments are made and as quickly as possible. We appreciate everyone’s patience and we hope this can help our local businesses, who are the heart of our local economy, to be able to see some light at the end of the tunnel.
We are also offering a range of other measures including help with business rates, rental holidays and more which are all available to view at www.gedling.gov.uk/coronavirus.”
