Coronavirus: business grants

The Government have made an award of up to £25,000 to businesses in response to Coronavirus. The Government will pass funding to us to distribute these grants and we will transfer the money to eligible businesses as soon as we receive this funding.

Grants available

There will be two grants available:

Small Business Grant Fund

  • £10,000 for businesses who were receiving small business rate relief (SBRR) on 11 March 2020

Retail, Hospitality and Leisure Grant

  • Up to £25,000 for retail, hospitality and leisure businesses that have a rateable value below £51,000 and would have been entitled to the expanded retail relief if it has existed on 11 March 2020.
    • Properties with a rateable value up to £15,000 will be entitled to £10,000,
    • Properties with a rateable value between £15,000.01 and £51,000 will be entitled to £25,000.

 

If you are eligible for a grant, and we hold your BACS details for payments, your account will be credited and you do not need to do anything.

Other ratepayers are invited to claim via our online form.

Queries on eligibility should be addressed by email to business.rates@redbridge.gov.uk

 

Business grants appeals

There is no formal appeal process but if we have notified you that you are not entitled to a small business grant fund payment or a retail, hospitality and leisure grant fund payment you can request a review of the decision.

 

Business Rates Holiday

The Government have extended the Retail Discount to 100% for the year 2020/21.  This will apply to all retail, hospitality and leisure sectors, and nurseries and child care providers.  We will be adjusting business rate bills for those eligible and will be issuing a revised bill in a few weeks.

Instalments for April 2020, may be missed by those businesses that are eligible. We will not collect payments by Direct Debits for these eligible businesses. 

Queries on eligibility should be addressed by email to business.rates@redbridge.gov.uk

 

Business support

For more support, please see our business support directory page.

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