Business grants ready to make a big difference

Councils and business networks across Somerset are working together to help provide financial lifelines for businesses struggling during the coronavirus pandemic.

And they are urging businesses with healthier cash reserves to let those in greater need apply first for the Government grants that could make a big difference in the current crisis.

All Somerset councils – county and district – and the Heart of the South West Growth Hub are responding swiftly to measures announced by the Government which include:

  • A £10,000 Small Business Grant
  • A £25,000 Retail, Leisure and Hospitality Grant

Enough funding is available for all eligible businesses to receive a grant. And with council staff working flat-out to process applications as quickly as possible, it’s important that businesses needing the help most can start the process sooner rather than later.

Businesses more able to weather the storm are asked to hold off applying for the next week or so – the grants will still be there for them if they are eligible.

Qualifying businesses must visit their district council’s website to fill in the online form. It’s important that businesses:

Check on the site that they qualify
Have the necessary paperwork ready – details are online
Contact pages where businesses can find the grant application forms and supporting information are:

You can also find free support, advice and information on sources of finance, along with assistance on working from home through your local Heart of the South West Growth Hub.

Small Business Grant Funding

The Government is providing funding for District Councils to support small businesses that already pay little or no business rates because of small business rate relief (SBRR), rural rate relief (RRR) and tapered relief. This will provide a one-off grant of £10,000 to eligible businesses to help meet their ongoing business costs. District Councils are contacting eligible small businesses.  Please check their website for progress and contact details.  Further information about the grant can be found at; https://www.businesssupport.gov.uk/small-business-grant-funding/

Cash Grant for Retail, Hospitality and Leisure

If your business is in the retail, hospitality or leisure sector, you will receive a cash grant of up to £25,000 per property.  District Councils are contacting eligible small businesses.  Please check their website for progress and contact details.

Further information about the grant can be found at; https://www.businesssupport.gov.uk/cash-grant-for-retail-hospitality-and-leisure/