Business grant payments underway

14 Apr 2020

We are working on over 1,800 applications from businesses needing urgent Government grants due to Covid-19 and is reassuring companies that payments are on their way.

The council’s Invest in Bath business support team launched an online form last week to speed up the process for businesses to access financial support from the Government.

On receipt of application, Invest in Bath is assessing eligibility before making payments via BACS within a target of seven working days.

Councillor Richard Samuel, deputy leader, said: “We know how urgent these payments are for businesses and the Invest in Bath team is working as hard as they can to process them as soon as possible. We’ve received more than 1,600 applications since launching our online application form on 1 April, so I’d ask businesses to please bear with us while we work through them. Rest assured that help is on its way.”

Any business currently in receipt of Small Business Rate Relief or Rural Rate relief may be eligible for a £10,000 cash grant. Any retail, hospitality or leisure business with a rateable value above £15,000 and below £51,000 may be eligible for a £25,000 cash grant.

Businesses which haven’t already registered for the grants are being reminded to do so by following this link https://beta.bathnes.gov.uk/register-business-grant-due-covid-19

The full range of financial support for businesses announced by Government can be found here https://www.businesssupport.gov.uk/coronavirus-business-support/

To contact the Invest in Bath team, email info@investinbath.co.uk However, individual requests for status updates on grants are taking officers away from assessing submissions. Please note we are working our hardest to stick to the 7 working day timeframe. Payments can then take up to 3 working days to show in your account, depending on your bank.

Follow the team on Twitter for the latest updates https://twitter.com/InvestinBath