The pandemics Convid-19 has been one affecting a lot of business in the UK.

The uncertainties about how long it would continue to affect business owners or the effect afterwards are scary.

The Chancellor announcing that small business owners in the UK could receive up to £10,000 grant from the revenue at these trying times was surely good news to business owners in the UK.

This is referred to as the Small business Grant Scheme.

 What the Small business Grant Scheme?

The Small Business Grant Scheme is an additional funding scheme that has been provided to support small business owners that have been affected by COVID-19.

This funding is provided through the local authorities where business meets certain conditions.

The conditions are as follow:

• The business must be trading in the UK.
• The business must already pay little or no business rates because of the Small Business Rate Relief (SBRR) and the Rural Rate Relief (RRR).
• This is to cover the ongoing business cost for eligible business. As a result of this, the business owner might have to show proof of these business costs.
• It’s tapered at £10,000.
• Your business must occupy a building.

How to claim the grant?

To claim this relief, the revenue has stated we should do nothing.

This is because the local authorities where your business is trading has the contact details of the business that qualify for this relief.

Therefore, they will be contacting business early this following week.

However, if you are eligible for this relief and you still haven’t received any communications from your local authorities after 2 weeks, it would probably be a good idea to contact them yourself.

Conclusion.

There are other reliefs and grants that are provided to business owners due to the

CONVID-19, If you would like to read more about these reliefs

kindly click.