I wanted to update you on the distribution of grants to small businesses that were announced by the Chancellor to help with the economic impact of Coronavirus.
It is essential for our local economy that this money reaches Mid Sussex businesses as quickly as possible. We have today launched the process for local businesses to register for these grants if they are eligible, having received the funding and final guidance from Government in the last couple of days.
There are two separate grants available for qualifying businesses:
- Small Business Grant – businesses will receive a £10,000 grant if they were in receipt of small business rate relief or rural rate relief on 11th March.
- Retail, Leisure & Hospitality Grant – businesses in these sectors will receive a £10,000 grant (if they have a rateable value of under £15,000) or a £25,000 grant (if they have a rateable value between (£15,000 and £51,000).
Letters are being sent to businesses we believe qualify asking them to register online and we are working with our local business associations to ensure the information reaches businesses.
We intend to make the first batch of grant payments next week.
Full information and a link to the website where businesses can register can be found at: www.midsussex.gov.uk/revsandbens/business-rates/new-grants-for-business-rates/
Cllr Jonathan Ash-EdwardsLeader of Mid Sussex District Council