City of Wolverhampton Council has confirmed details of how city businesses can gain access to the Tier 3 local restrictions support grant - and the Christmas Support Payment for wet-led pubs. Local Restrictions Support Grants for Tier 3 restrictions will be based on the rateable value and ratepayer of the property as it was on Wednesday, December 2.
The grant will be paid for the period from Wednesday, December 2 every 14 days while the restrictions remain in place. Businesses required to close by Government will receive the following amounts based on their rateable value as set out in the table below:
|
Rateable value |
Grant sum paid every 14 days |
|
£15,000 and below |
£667 |
|
£15,001 to £50,999 |
£1,000 |
|
£51,000 and above |
£1,500 |
Businesses that are not legally required to close but are severely impacted by the localised restrictions on socialising can also apply for the grant and could receive the following:
|
Rateable value |
Grant sum paid every 14 days |
|
£15,000 and below |
£467 |
|
£15,001 to £50,999 |
£700 |
|
£51,000 and above |
£1,050 |
The mandatory Christmas Support Payment for wet-led pubs is now also available and is applicable for the period December 2 to December 29, 2020, for pubs that derived under 50% of their income from food sales prior to March 11, 2020. These grants are in addition to the various Local Restrictions Support Grants and the Additional Restrictions Grant, which are already receiving applications.
Councillor Stephen Simkins, Cabinet Member for City Economy, said: “Varying Covid-19 restrictions have made it difficult for businesses to navigate through these difficult times and there are now further grants available. I am urging Wolverhampton businesses to head to the Wolves in Business website and find out what funding and support is available to them.
“As a council, we have ensured thousands of eligible businesses have had quick access to vital funding to help them through this most difficult time. We are ensuring these new grants are allocated swiftly and that no business is left behind as our city looks to recover from the financial impact of Covid-19.”
In coming weeks businesses are also being asked for their patience in waiting for their applications to be processed due to the break between Christmas Day and New Year’s Day.
