Coronavirus (COVID-19)

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Supporting our local businesses

Pages in Supporting our local businesses

  1. 1. Supporting our local businesses
  2. 2. Business rates
  3. 3. You are here: Grants and loans for businesses
  4. 4. Support for the self-employed
  5. 5. Guidance for food businesses
  6. 6. Operating safely during Covid-19

3. Grants and loans for businesses

The following grants are available to businesses in England that are forced to close due to the new national restrictions. A full list of businesses required to close is available on the Government website.

Local Restrictions Support Grants 

Businesses are eligible for the Local Restrictions Support Grant if they have been told to close by the Government for the national lockdown between 5 November and 2 December. These businesses include non-essential retail, leisure, personal care, sports facilities and hospitality businesses. A full list of businesses required to close or are able to stay open has been published.

To qualify for this grant, your business must be in the borough of Reigate & Banstead and has been:

  • open as usual before the restrictions, i.e. on 4 November 2020.
  • required to close due to restrictions imposed by the Government.
  • paying business rates for the premises before restrictions started.

Your business will not qualify for support under this scheme if it was in administration, insolvent or a striking off order was made at the time local restrictions started.

How much is the grant and when will it be paid?

The amount you get depends on the rateable value of your premises. You will receive support on a rolling 28-day basis for as long as national restrictions apply, as shown below. 

Rateable value and support amount

Rateable value of premises

 Grant payment for the 28-day restriction period

£15,000 or under £1,334
£15,001-£50,999   £2,000
£51,000 or over     £3,000

You can find the rateable value of your premises on your latest business rates bill. You will need your business rates account number when you apply.

Do state aid rules apply?

The Local Restrictions Support Grant counts towards state aid. The rules are fully explained in the Government state aid guidance. By accepting this grant, you must confirm that you are not in breach of these rules.

How to apply

If you meet the criteria for the Local Restrictions Support Grant you can apply online below. We will review your application and let you know if you are entitled to a payment.

Local Restrictions Support Grant application form  

Additional Restrictions Support Grants

Businesses who have closed or been severely affected by the current restrictions, such as those businesses in the supply chain, may be eligible for the Additional Restrictions Grant.

Reigate & Banstead Borough Council has been allocated funding by the Government to cover the years 2020/21 and 2021/22. While the Government has made this funding available to Local Authorities and provided guidance, it is up to Local Authorities to use their discretion about how best to use it to support local businesses.

Reigate & Banstead will make this funding available to the following business types:

  • Businesses that have been required to close by the government, but do not qualify for the Local Restrictions Support Grants as they are not liable for business rates.
  • Where a business has not been required to close, then Reigate & Banstead will consider the fixed costs of that business, including rent and business rates. Where the business does not pay rent or business rates, then Reigate & Banstead will consider other unavoidable business-related fixed costs and will estimate the rateable value of the premises that the business is operating from. Fixed costs must be in the name of the business applying for a grant.
  • Priority will be given to those businesses that, whilst not being required to close, have been affected by the closure of other businesses - in particular, those businesses in the supply chain to closed businesses. This would include businesses that supply the retail, hospitality and leisure sectors, or businesses in the events sector.
  • Any business applying must be operating within the boundaries of Reigate & Banstead Borough Council.
  • Businesses and organisations that provide support to local communities within the local authority area, and where the restrictions have impacted on their income.
  • Businesses will be required to demonstrate that they have been severely impacted by the national restrictions, and provide the evidence requested on the form.
  • Awards will be made to cover the relevant national or local restriction period, initially 28 days from 5 November 2020 to 2 December 2020, in line with grants paid under the Local Restrictions Grant Scheme.
  • In line with the Local Restrictions Grant Scheme, there will be three levels of payment. These will be £1,334, £2,000 and £3,000, in respect of the 28-day period of restrictions.

The levels of grant awarded to businesses – and further information about eligibility - can be found in the Additional Restrictions Grant terms and conditions.

Do state aid rules apply?

The Local Restrictions Support Grant counts towards state aid. The rules are fully explained in the Government state aid guidance. By accepting this grant, you must confirm that you are not in breach of these rules.

Managing the risk of fraud

The Council will not accept deliberate manipulation and fraud. Any business that dishonestly provides false or misleading information in communication with the Council, including verbal communication, will be committing a criminal offence contrary to the Fraud Act 2006 and will be subject to a criminal investigation and criminal proceedings may be taken against them.

All information is subject to internal and external audit checks.

How to Apply

If you meet the criteria for the Additional Restrictions Grant you can apply online below. We will review your application and let you know if you are entitled to a payment.

Additional Restrictions Grant application form

Coronavirus loans extended

The Government's loan schemes for businesses - Bounce Back Loans, Coronavirus Business Interruption Loan Scheme, and the Future Fund - will be extended until 31 January 2021.

Please note you cannot apply for more than one coronavirus loan.

Coronavirus Bounce Back Loan

Businesses who have borrowed less than their maximum (i.e. less than 25% of their turnover) through the Bounce Back Loan Scheme can top-up their existing loan with more funding.

The Coronavirus Bounce Back Loan was set up to help small and medium-sized businesses affected by coronavirus.

  • The scheme is open for applications and cash will be released within days for eligible businesses. 
  • Businesses can borrow between £2,000 and £50,000.
  • The government will guarantee 100% of the loan and there won’t be any fees or interest to pay for the first 12 months.
  • Loan terms will be up to 6 years
  • The government will work with lenders to agree a low rate of interest for the remaining period of the loan.
  • The scheme will be delivered through a network of accredited lenders.

Find further guidance and application details on the Coronavirus Bounce Back Loan website.

Coronavirus Business Interruption Loan Scheme

The Coronavirus Business Interruption Loan Scheme provides financial support to smaller businesses affected by coronavirus. The application deadline has been extended to 31 January 2021.

Coronavirus Large Business Interruption Loan Scheme 

The Coronavirus Large Business Interruption Loan Scheme helps medium and large sized businesses to access loans and other kinds of finance up to £200 million. The Government guarantees 80% of the finance to the lender. The scheme is open to applications until 31 January 2021.