Restart grant

fulham5

Hi. I don't think it has been announced yet, but does anyone have any idea what the tiers  payments will be for restart grants up to £6000 In other words the three levels of rateable value

Jeremy535897

See https://www.gov.uk/guidance/check-if-your-business-is-eligible-for-a-coronavirus-grant-due-to-national-restrictions-for-closed-businesses

hunnie

fulham5 said:

Hi. I don't think it has been announced yet, but does anyone have any idea what the tiers  payments will be for restart grants up to £6000 In other words the three levels of rateable value

I think you are right when you say that it hasn't been announced yet.  So we'll just have to wait and see what the rateable tiers will get and also what the criteria is in order to qualify. 

CultStuff

While the 6k grant teirs have not been made public that I can find the hospitality 18k grant levels are being reported as follows: 

• If your rateable value is £15,000 or less, you can claim up to £8,000.
• Businesses with a rateable value of between £15,000 and £51,000 can claim up to £12,000.
• If your business has a rateable value of over £51,000, you can claim up to £18,000.

If the proportions are done in a similar manner then the small business owners in low rated propertys will be looking at around or under 2k 

This is VERY different from the rates boost given to those exempt from paying last year so it seems the larger your business is the more you will benefit from the package overall. The largest getting 6k and an extended rates exemption and the smallest picking up around 2k and remaining exempt under the small business rates relief package that has been in place for a number of years. 

CultStuff

And now they are released. The 6k grants will be dispersed as follows:

• Non-essential retail businesses with a rateable value of £15,000 or less, will receive a one-off grant of £2,667.
• Non-essential retail businesses with a rateable value over £15,000 and less than £51,000, will receive a one-off grant of £4,000.
• Non-essential retail businesses with a rateable value of £51,000 or above, will receive a one-off grant of £6,000.