March 23, 2020 5.17 pm This story is over 48 months old

How Lincoln businesses will get a £10k coronavirus relief grant

People will be contacted by the council

| Photo: Adobe Stock

Small businesses in Lincoln that already pay little or no business rates will be entitled to a one-off £10,000 coronavirus relief grant.

The government will provide additional Small Business Grant Scheme funding for local authorities to support the small businesses that pay little or no business rates because of small business rate relief, rural rate relief or tapered relief.

The one-off grant will help the eligible businesses meet their ongoing business costs. It will happen automatically and people will be contacted by the City of Lincoln Council regarding the grant and will not have to apply for this.

A form will be sent that you will need to complete, including bank details, but this can only happen after the council receive the money from the government. The current indication is the money is expected from them on April 1.

It is also advised to check business insurance to establish if you are covered for business interruption and make sure it covers pandemics. It is also worth speaking with HMRC in terms of claiming up to 80% wages for employees who are affected.

Click here for more information and guidance from the government.