Businesses required to close in England due to national restrictions are eligible for a Local Restrictions Support Grant
When making an application you will need:
- Your bank details
- Your business rate account reference number
- Your VAT number
- Company registration number
- A bank statement or headed paper alternative
Business required to close in England due to local or national restrictions are eligible for the following:
- For properties with a rateable value of £15,000 or under, grants to be £1,334 per month, or £667 per two weeks;
- For properties with a rateable value of between £15,000-£51,000 grants to be £2,000 per month, or £1,000 per two weeks;
- For properties with a rateable value of £51,000 or over, grants to be £3,000 per month or £1,500 per two weeks.
You can find your business rates valuation online.
Which businesses will benefit?
A business may be eligible if it:
- Occupies property and pays business rates to Watford Borough Council.
- Has been required to close from 5 November 2020, following the second national lockdown, and was trading up to this point. Retrospective funding is not available before this date.
- Has been unable to provide its usual in-person customer service from its permises.
Your business will not be eligible if it:
- Has been able to continue to operate during lockdown because it does not depend on providing direct in-person services from its premises.
- Has reached the state aid limit. The national business support grant counts twoards state aid. Payments count towards the total de minimis state aid allowed over a three-year period (€200,000). If you have reached that threshold, you may still be eligible for funding under the COVID-19 Temporary Framework where the limit is €800,000.
- For the avoidance of doubt, businesses that were in administration, are insolvent or where a striking-off notice has been made at the date of the local lockdown are not eligible for funding under this scheme.
Eligible businesses will be eligible for grant funding for each property liable for business rates with Waford Borough Council.
Any business caught falsifying their records to gain grant money will face prosecution and any funding issued will be subject to claw back.
The Council has launched a free business support programme for Watford businesses providing one-to-one business advice, skills training webinars, workshops and specialist support. The Business Recovery and Growth programme is available to all Watford businesses to help them adapt and grow. Find out more about the free programme and how to contact.
If you have any questions, please email our Business Grants team.