UK Government Restart grants are now available to businesses in England that have been most affected by the Covid-19 pandemic. The scheme provides funds to help retail, hospitality, accommodation, leisure, personal care, and gym businesses relaunch their operations.
As the nation re-opens after lockdown, Restart grants are available to give hard-hit businesses a healthy running start. Read on to find out more about the scheme and if your business qualifies.
Eligible non-essential retail businesses can claim a grant of up to £6,000 per premises.
Businesses in the hospitality, accommodation, leisure, personal care, and fitness sectors may claim a grant of up to £18,000 per premises depending on their rateable value:
It's also worth understanding:
• If your rateable value is £15,000 or less, you can claim up to £8,000.
• If it’s between £15,000 and £51,000, you can receive up to £12,000.
• If your rateable value is over £51,000 then you can claim up to £18,000
Grants do not need to be repaid, but they will be treated as profits and may be subject to tax.
On 8th March 2021, the UK Government updated the list of available grants for businesses affected by the Covid-19 pandemic. The grants provide support for most business sectors. Sums available range from a few thousand pounds per business to more than £10 million. See the full list of available grants and their closing dates to make a claim here.
Additionally, the Swoop network provides access to a variety of funding alternatives for UK businesses. From asset and invoice finance to business loans, start-up loans, and thousands of different business grants, we have a financial solution for your current situation. Get in touch to discover the best options for all your funding needs.
If you are interested in any of the services above please do not hesitate to contact us. Alternatively, if there is a service not listed that you require, RDS Consultants may still be able to help. We look forward to working with you and improving your business.
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