Bassetlaw businesses to get £28m grant support

Shops, hairdressers, cafes and many more businesses in Bassetlaw will receive £28.8 million of grants as part of the Government’s financial support package following the national restrictions imposed to reduce the spread of Coronavirus.

In March, the Government announced that grants of £10,000 and £25,000 would be made available to eligible businesses, with around 2,000 businesses in Bassetlaw in line for the £10,000 grant and around 300 businesses qualifying for the £25,000 grant.

Bassetlaw District Council is responsible for distributing these grants and will receive the funding from Government on Wednesday 1st April. Hundreds of businesses have already registered their details with the Council and the first payments are expected to arrive in bank accounts early next week.

The grants available include:

  • small business grant funding of £10,000 for all businesses 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 15k 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 order for grants to be paid, the Council is asking all businesses that qualify to complete the Business Grant Fund Information Form and provide us with important information so that these funds can be distributed as soon as possible. 

Cllr Simon Greaves, Leader of Bassetlaw District Council, said: “These grants will be a vital lifeline for thousands of businesses in Bassetlaw and we have acted as quickly as possible to ensure that our business community gets this money in their bank accounts swiftly.”

“The strict measures imposed on the nation are extremely important in order to prevent the further spread of Coronavirus and I urge everyone to follow the Government’s instructions of ‘Stay home, protect the NHS, save lives’.

“The consequences of these instructions are far reaching, but I hope that these grants will enable our much valued businesses in Bassetlaw to make it through this incredibly challenging time, protect livelihoods and enable them to open their doors once we are able to leave our homes again.”

Checks and measures are in place to prevent fraudulent and duplicate claims and anyone found to be suspected of attempting to defraud the system will be investigated and reported to the Police for prosecution.

Businesses that rent their offices and premises from the Council will also receive a three-month period where rent payments will be deferred.

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 around 500 business across the District. The Council will process this automatically and send out a revised bill, meaning businesses do not need to do anything.

The Government’s package of measures to support businesses also includes:

  • a Coronavirus Job Retention Scheme
  • deferring VAT and Income Tax payments
  • a Statutory Sick Pay relief package for small and medium sized businesses (SMEs)
  • a dedicated support package for self-employed individuals and members of partnerships

Details of all of these schemes, in addition to the online form can be found  in the ‘Coronavirus - Help for Businesses’ section of our website.

Last Updated on Thursday, June 11, 2020