You currently have JavaScript disabled. This site requires JavaScript to be enabled. Some functions of the site may not be usable or the site may not look correct until you enable JavaScript. You can enable JavaScript by following this tutorial. Once JavaScript is enabled, this message will be removed.

Why choose HGH?

Government business grants

Posted: 16th Nov 2020 by Clair Watmore Business Advice General, Coronavirus, Corporate Finance

The latest Government grants cover both the brief period York was in Tier 2 restrictions and the current national lockdown.

Businesses may be eligible for up to 2 grants (1 from each period), as payments cover different periods and types of business. Each grant must be applied for separately.

Businesses will be able to apply for the following grants:

Lockdown local restriction schemes

Business forced to close by law under national lockdown from 5 November will receive: 

  • For properties with a rateable value of £15k or under, grants to be £1,334 per month, or £667 per two weeks;
  • For properties with a rateable value of between £15k-£51k grants to be £2,000 per month, or £1,000 per two weeks;

For properties with a rateable value of £51k or over grants to be £3,000 per month, or £1,500 per two weeks.

Tier 2 local restriction scheme

Businesses in the hospitality and leisure sectors, B&Bs and hotels will receive a proportion of the following monthly grants to reflect the 19 days spent in Tier 2 (between 17 October and 4 November): 

  • For properties with a rateable value of £15k or under, grants of £934 per month
  • For properties with a rateable value above £15k and below £51k, grants of £1,400 per month

For properties with a rateable value of £51k or above, grants of £2,100 per month.

Sector scheme

A new government grant aimed at businesses which have not previously received support, including nightclubs, dance halls, and discotheques was introduced from 1 November 2020. However, this will be superseded from 5 November by the lockdown restriction scheme. 

  • For properties with a rateable value of £15k or under, grants of £667 per 14-day period
  • For properties with a rateable value above £15k and below £51k, grants of £1,000 per 14-day period
  • For properties with a rateable value of £51k or above, grants of £1,500 per 14-day period

Business owners can apply for the grants online here.

These grants are being administered by York City Council.