Businesses that have been required to close due to the national restrictions introduced in March 2020, and which have not been able to re-open, may be eligible for LSRG (Sector).
Eligible businesses are entitled to a cash grant from their local council for each 14-day period they are closed. This funding is available from 1 November 2020 and is not retrospective.
Eligibility
Eligible
businesses include:
·
nightclubs, dance halls, and discotheques
·
adult entertainment venues and hostess bars
Your
business may be eligible if it:
·
is based in England
·
occupies property on which it pays business rates (and is the
ratepayer)
·
has been closed since 23 March 2020 because of national
restrictions
Eligible
businesses can get one grant per non-domestic property.
The
grant will be based on the rateable value of your property on 1 November 2020.
If
your business has a property with a rateable value of £15,000 or less, you may
be eligible for a cash grant of £667 for each 14-day period your business is
closed.
If
your business has a property with a rateable value over £15,000 and less than
£51,000, you may be eligible for a cash grant of £1,000 for each 14-day period
your business is closed.
If
your business has a property with a rateable value of £51,000 or above, you may
be eligible for a cash grant of £1,500 for each 14-day period your business is
closed.
The
grant will be extended to cover each additional 14-day period of closure. If
your business is closed for 28-days, or 2 payment cycles, it will receive
£1,334, £2,000 or £3,000, depending on the rateable value of the property.
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