Small Business Grants Fund (SBGF) scheme

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(Last Updated On: July 30, 2020)

There are £10,000 cash grants still available for small businesses that are eligible for small business rate relief. Applications must be made before Friday 28 August.

If your business property has a Rateable Value of £15,000 or under & was eligible for Small Business Rates as at 11 March 2020 your business will qualify for a £10,000 grant.

Retail, Hospitality and Leisure Business Grants Fund (RHLGF)

All Retail, Hospitality or Leisure businesses in Torbay with a Rateable Value below £51,000, again have until Friday 28 August to apply for a £10,000 or £25,000 grant.

Properties eligible for the grant will be those that are wholly or mainly being used as a hospitality, retail, or leisure venue.

These include:

– Shop

– Restaurant, Café, Bar or Pub

– Cinema or Live Music Venue

– Estate Agent or Letting Agency

– Assembly or Leisure Property – for example, a Bingo Hall, Sports Club, Gym or Spa

– Hospitality property – for example, a hotel, a guest house or self-catering accommodation

Cllr Darren Cowell, Deputy Leader of the Council and Cabinet Member for Finance, Torbay Council, said “We urge all eligible businesses across Torbay to take full advantage of all the financial help and support on offer and encourage businesses to act now to make their application, before the Government close the schemes on Friday 28 August. The Council and TDA have been working hard with business groups to provide support and guidance. We have to date made over £36m of emergency grant payments across the grant schemes and hope to continue to provide much needed financial support to as many businesses in the local economy before these schemes are closed by central Government”.

To find out more and to apply for a grant visit the Advice and support for business and tourism page on Torbay Council’s website.

Applications must be made early enough to allow them to be considered and payment made by Friday 28 August.

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