Restart Grants
. One-off grants to businesses in the non-essential retail and hospitality, leisure, personal care and accommodation sectors.
. Grants will be administered locally by Local Authorities.
. These will replace LRSG (Closed) and LRSG (Open) and will commence beginning April 2021.
. Eligibility is defined by sector rather than requirement to close.
For non-essential retail, which may potentially be able to re-open as early as 12th April, the following grant rates will apply:
. For properties with a rateable value of £15,000 or under: £2,667
. For properties with a rateable value between £15,000 and £51,000: £4,000
. For properties with a rateable value of £51,000 or over: £6,000
It is expected that over 450,000 non-essential retail businesses will benefit.
Hospitality, accommodation, leisure, personal care and gym business premises in England will be eligible for grants worth up to £18,000, subject to their rateable value:
. For properties with a rateable value of £15,000 or under: £8,000
. For properties with a rateable value between £15,000 and £51,000: £12,000
. For properties with a rateable value of £51,000 or over: £18,000
It is expected that nearly 230,000 hospitality, accommodation, leisure, personal care and gym business premises will benefit.
Overall cost of the measures are circa. £5 billion, with circa, £4.2 Bn for England and £794 million for the Devolved Administrations.
