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Further financial support to come...

A reminder of the grants which will be available to businesses that have been impacted by the restrictions

Some of you may already be aware of the additional business support package outlined by Government, but here’s a reminder of the grant payments that will be available to eligible businesses impacted by the restrictions.

Southwark Council will again be responsible for the administration of grants. We’ll share further details about how these can be accessed as soon as this is confirmed. 

Lockdown grants

Any business that has been forced to close its premises from Thursday 5 November due to national restrictions will be eligible for a grant payment for whatever period they must close. Businesses will be eligible for grants based on the rateable value of their premises:

  • properties with a rateable value of up to £15,000 will be eligible for a grant of £1,334 for every four weeks they are required to close.
  • properties with a rateable value of between £15,000 and £51,000 will be eligible for a grant of £2,000 for every four weeks they are required to close.
  • properties with a rateable value of more than £51,000 will be eligible for a grant of £3,000 for every four weeks they are required to close.

Tier 2 grants

Businesses in the hospitality, leisure and accommodation sectors that experienced reduced demand between 16 October and 4 November 2020 will receive extra financial support for the days that Tier 2 restrictions were in place. Payment amounts will be as follows:

  • eligible businesses occupying properties with a rateable value of up to £15,000 will receive a one off grant of £667.
  • eligible businesses with a rateable value of between £15,000 and £51,000 will receive a one off grant of £1,000.
  • eligible businesses with a rateable value of more than £51,000 will receive a one off grant of £1,500.

Discretionary grants

Businesses that have been severely impacted during the pandemic but are not eligible for other grants will be able to apply through this scheme, which will be launched by Southwark Council shortly.

Created Nov 19 2020