1:55 PM 16th November 2020
Yorkshire Businesses To Receive £200M To See Them Through National Restrictions
Grants of £200 million to be distributed to businesses in Yorkshire and the Humber by councils
Support aimed at businesses that have been required to close due to Covid-19 restrictions, with Local Authorities given extra cash to help other businesses at their discretion.
Package builds on £200 billion already provided to support jobs, incomes and businesses since the start of the pandemic
Small businesses in Yorkshire will receive a significant £200 million from the government to help them through the current period of national restrictions.
Businesses will benefit from two grant schemes: one for businesses that have been required to close with grants of up to £3,000 for the four-week period, and another scheme for further support for businesses as a result of the coronavirus pandemic, helping to support people’s jobs and livelihoods and protect communities.
Businesses can expect to receive money covering the four-week period of national restrictions in the coming days and should check their council’s website for details.
Business Secretary Alok Sharma
Business Secretary Alok Sharma said: “We know that this is a really tough time for businesses across the country, which is why we are continuing to deliver a wide-ranging package of urgent support.
“This much-needed cash will help to sustain businesses, protect jobs and keep communities ticking as we continue to tackle the virus in the coming weeks.”
Small Business Minister Paul Scully said: “We have stood by small businesses in Yorkshire and across the country throughout this unprecedented period of uncertainty and difficulty.
“Times are still hard, which is why we are providing this emergency additional cash to help businesses cover their fixed costs and come back from the coronavirus pandemic fighting.”
The grant schemes are:
The Local Restrictions Support Grants, for businesses which have had to close or have been severely impacted by local restrictions (hospitality, leisure and non-essential retail sectors):
Business owners will receive £1,334 per four weeks if they have a rateable value below £15,000,
They will receive £2,000 per four weeks if they have a rateable value between £15,000 and £51,000
They will receive £3,000 per four weeks if they have a rateable value above £51,000.
The Additional Restrictions Grant, provided by councils on a discretionary basis. Local Authorities will receive a sum of money equivalent to £20 per head of their local population to distribute to businesses which have been severely impacted by restrictions. For example, a council covering an area with a population of 100,000 would receive £2 million for this purpose. Those likely to be in receipt of these grants include large employers with significant fixed costs such as seaside attractions or local manufacturers, as well as sole traders, tour operators and market traders who do not have a rateable value.
This includes businesses like pubs not serving substantial meals, betting shops, arcades and soft play centres in areas like South Yorkshire. Some places negotiated their support under this scheme prior to the national lockdown.
Businesses are urged to engage with their Local Authority and ensure that council officials have contact and payment information for them. They risk not receiving this vital support if they do not.
The two new grants schemes are designed to support jobs and livelihoods. As well as the grants, the government has also announced:
An extension to the furlough scheme until March – with government covering 80% of wages
More generous support to the self-employed – equivalent to the generosity of the furlough scheme
An extension to the existing government-backed loan schemes
An extension to the mortgage payment holiday for homeowners
Reduced VAT for hospitality, accommodation and attractions until the end of March 2021
Business rates relief for hospitality, retail, leisure and nurseries until the end of March 2021
The £1.57bn Culture Recovery Fund.
Extended support to prevent business evictions until the end of the year.