March 19th, 2020.


To support small businesses through the coronavirus outbreak, the government has increased its cash grant to £10,000.

The grant is available to small business owners who are eligible for small business rate relief or rural rate relief.

The chancellor has announced an increase in the small business coronavirus cash grant, taking it from £3,000 to £10,000.

This is part of a £330bn package of support for businesses, equivalent to 15 per cent of GDP.

Eligibility is still based around rate relief. Those who qualify for Small Business Rate Relief (SBBR) or Rural Rate Relief will be able to get the funding.

The Department for Business, Energy & Industrial Strategy will be working with local authorities to outline the scheme and encourage local authorities to prepare.


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