Babergh gives clarity to peninsula bosses on payment of COVID-19 business grants fund
By Derek Davis
27th Mar 2020 | Local News
Businesses across Babergh are set to receive financial support in the form of grant funding announced in the Government's package of measures designed to help smaller businesses.
The impact of COVID-19 is being felt up and down the country, especially by businesses that have had to close their doors to customers.
In response, the Government has opened a grant fund aimed at helping businesses who are entitled to rate relief or those in the retail, leisure and hospitality sectors.
Babergh is responsible for payment of these grants to our businesses and have put in place the systems to manage the grant payments.
All qualifying businesses are now being contacted regarding payment of the grants of either:
- £10,000; if the rateable value of the business premises is £15,000 or less, or
- £25,000 if the rateable value is greater than £15,000 but less than £51,000
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