Now the lockdown restrictions are nationwide, all eligible businesses that have been told to close by the government for four weeks can now apply for the LRSG.
Eligible businesses include non-essential retail, leisure, personal care, sports facilities and hospitality businesses.
Those eligible must have a rateable value, be liable for business rates, and been trading before Wednesday 4 November and been required to close on Thursday 5 November. The grants will cover a four-week period to Wednesday 2 December when the national lockdown is scheduled to end.
The amounts payable are:
- For properties with a rateable value of £15k or under, a grant of £1,334 per four weeks will be payable.
- For properties with a rateable value of over £15k and below £51k, a grant of £2,000 per four weeks will be payable.
- For properties with a rateable value of £51k or over, a grant of £3,000 per four weeks will be payable.
You can apply for this through your local authority – below are links to a few of the authorities local to the office.
Welwyn Hatfield – https://www.welhat.gov.uk/coronavirus/businesses/supportgrant
We strongly advise you to seek appropriate advice before taking action on any of the points listed above.
All information contained in this document are correct at the time of writing. Legislation and regulations may change at any time.
If you are in any doubt, please call us for clarification.
About us: Leggate Associates Limited was formed by Andrew Leggate LL.B FCMA FCA CGMA who has over 40 years of tax and accountancy experience in industry and practice, and the practice is managed by Joanne Leggate FMAAT, ATT (Fellow). Our clients range from building subcontractors to multi-million pound concerns and high net worth individuals all over the UK. Please see our website www.leggateassociates.co.uk or follow @LeggateAssoc on Twitter for occasional updates.
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