SMBC Grants for Businesses
West Bromwich BID Team are in discussion with SMBC Business Rates on grants that are available to businesses:-
Small Business Grant Fund
Qualifying Businesses – Businesses with a rateable value of £15,000 or less, already in receipt of Small Business Rate Relief or the Rural Rate Relief Scheme.
- Amount of grant – £10,000
Retail, Hospitality and Leisure Business Grants Fund
This grant is available to those businesses which qualify for the Expanded Retail Discount Scheme, with a rateable value below £51,000 – and as such have had their Business Rates bills reduced to zero for the financial year 2020/2021.
Amount of grant:
- £10,000 for properties with a rateable value of £15,000 or less;
- £25,000 for properties with a rateable value of more than £15,000 but less than £51,000
We are aware letters will be sent out soon and a on-line access will be available through “My Sandwell” please sign up for this so you can get access https://my.sandwell.gov.uk. We will update more when we know from SMBC. Thank you and stay safe