The grants available for small businesses in Tier 2 and Tier 3 areas
Small businesses in areas of the country officially deemed at higher risk of a rapid spread of Covid-19 may be able to claim extra financial support to help them cope with additional restrictions.
Firstly, there are new grants for those business hit by Tier 2 restrictions, which mean only people from the same household can meet up in leisure, tourism and hospitality settings such as pubs, coffee shops and restaurants. Businesses suffering financially as a result will be able to claim grants of up to £2,100 a month, backdated to August.
Local authorities will administer the grants and set many of the precise rules about who is eligible. How much businesses can claim is linked to the rateable value of their premises. Those with a rateable value of £15,000 or less will qualify for £934 a month; this rises to £1,400 for firms in premises valued at between £15,000 and £51,000; and to the full £2,100 for those in higher-value properties.
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