Torridge Business Rates Support Grants Announced

In order to support Businesses through the Coronavirus (COVID-19) outbreak, the Government has announced various measures to support businesses which Torridge Council will be administering.
Grant – £10k – Businesses in receipt of Small Business Relief (rateable value less than £15,000)

The Council is intending to write to all businesses this week requesting they complete an online form so that the Council can obtain the necessary details to allow it to make payment of the £10k grant.

The grant is being funded by Central Government, and it is anticipated that Torridge will receive the funding in early April, at which point the grants payments can be processed. It is very important that Businesses are aware that scammers are operating and using the Covid-19 crisis to trick people into divulging such things as bank details. As a result, businesses should only upload bank details on the link detailed within the letter and refuse any other requests by telephone, email or other means.

Please note that the letter requesting the provision of your details will go to the address held on record by the Council, this could be your personal OR business address.

Grant – £25k – Businesses within the Hospitality, Retail & Leisure sector with a rateable value greater than £15,000 and less than £51,000

The Council will also be writing to businesses that meet these criteria under the scheme. As above the submission of the required information will be via an on-line form detailed within the letter sent to your business.

Funding for these businesses is also anticipated in early Apriland letters requesting the provision of your details will likewise go to the address held on record by the Council, which could be your business OR personal address.

Lead Member for the Economy – Councillor Bob Hicks said:

“While the money for these support packages is coming from central government we will make sure as a Council that they are distributed to businesses as smoothly and efficiently as possible. It’s also an opportunity for us to publicly express our thanks and appreciation for the sacrifices businesses across Torridge have made in adhering to government advice, and temporarily closing or restricting their activities. This will hopefully make a significant contribution to stemming the spread of Covid-19 but we also acknowledge that this has been a difficult and worrying time for business owners that none of us is taking for granted.”

Any business who doesn’t receive a letter by the end of next week but who identify themselves as meeting the criteria should contact the Council’s business rates section for guidance. However, we would ask that businesses leave sufficient time for a letter to arrive before choosing this option.

 

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