Coronavirus support for businesses

Emergency rates relief and grants

Deadlines for all applications is 28th August 2020

Discretionary Grant Fund

Discretionary Grant Fund applications were for small businesses in multi-tenanted properties and from market traders who have experienced significant financial hardship (reduction in revenue or market storage/pitch rental charges) since 11 March as a result of COVID-19. Applications are now closed.

  • Small businesses in multi-tenanted properties, excluding those who pay their rent on an hourly or daily basis. Grant amount: £5,000

  • Permanent market traders and other retailers which are not separately assessed for business rates and who have a pitch/unit which carries regular rental and other property charges. Grant amount: up to £3,000.

Detailed eligibility criteria are provided in the links below. Applications will be considered on a first come, first served basis and incomplete or inadequately evidenced applications will be rejected. Due to the limited funding available, the application process will only be open until the maximum number of applications are checked for eligibility and approved.

However, due to the limited resources that have been allocated to Newham by the government, regrettably the application period may close earlier and not all eligible businesses which apply are likely to be successful. We have endeavoured to maximise the relatively small allocation (£2.88m) to meet local economic challenges, whilst remaining within government guidelines. 

Update 26 June: The initial guidance stated that only one grant per business will be paid, regardless of the number of premises. This guidance has now changed. Business owners can now apply for two grants if they have two registered businesses in separate properties.

Applicants are asked to read the criteria before submitting an application and will be required to submit documentary evidence to show that all criteria are met.

Market traders grant

This fund will provide grants for market traders and other retailers operating in the London Borough of Newham which are not separately assessed for business rates and which have a unit incurring regular rental and other property charges, to cover pitch and storage costs for the period 1 April 2020 to 30 September 2020.

This includes businesses that trade on most days of the week with fixed property costs relating to permanent pitches operating with a street trading licence.

It excludes stalls or concessions trading on casual or short-term agreements.

This fund will take applications from market traders and other retailers which are not separately assessed for business rates and who have a pitch/unit which carries regular rental and other property charges.

Grants of up to £3,000 will be payable under the scheme.

Check eligibility and apply for a market trader's grant.

Applicants are asked to read the criteria before submitting an application and will be required to submit documentary evidence to show that all criteria are met.

Please note (guidance refreshed on 28th July):

  • submitting an application and meeting the criteria does not guarantee grant approval
  • there will be no appeals process, as the funding will have been distributed before any appeal can be considered
  • businesses which have received any other Covid 19-related government grants (e.g. from the Self-Employment Income Support Scheme) will not eligible to apply for this grant
  • there may be circumstances in which businesses will be required to pay all or some of any debt owed to London Borough of Newham before grant payment is released
  • businesses which are in breach of trading, licensing or planning regulations may not be successful
  • there is likely to be more demand for this funding than what is available.
  • given the limited funds available, grants will be awarded to businesses that meet all the criteria on a first come, first served basis
  • Due to the limited funding available, the application process will only be open until the maximum number of applications are checked for eligibility and approved.
  • it may take 15 working days or more to process an application and grant payment
  • in the unlikely event that any funding remains unallocated once applications have closed, the Council will consider amending the criteria and will invite other businesses to apply.

Business Rates grants

On March 11 2020, the Chancellor announced in his budget that to combat the Covid-19 crisis businesses getting either Small Business Rate Relief (SBRR) or Retail Discount Relief would receive a government grant depending on which relief they were getting.

Eligibility

The Council has identified all of the businesses that would have been eligible for relief on 11 March 2020 and are in the process of contacting them.

We are trying to reach as many businesses that qualify for the grants as we can in the most effective and quickest way possible. 

Applications are now closed.

Business rates support

We issued bills for business rates at the start of March. For businesses in the nursery, retail, hospitality and leisure sectors the Government has now granted a year’s relief. The Government has also announced that it would provide additional business rate support to some small businesses.

Businesses in the hospitality, leisure and retail sectors, regardless of Rateable Value, will pay no business rates during the coming year as relief of 100% will be granted. The measure includes shops, cinemas, restaurants, museums art galleries, theatres, gyms, small hotels, sport clubs, day nurseries and night clubs. This is expected to benefit over 2,300 businesses in Newham.

The Council will identify eligible businesses and automatically apply the relief and issue adjusted bills, as quickly as the software suppliers can make the necessary changes. Whilst the Council awaits these changes, we are actively cancelling direct debits for those businesses that will qualify, so as to avoid further financial impact. In the meantime we won’t take your ordinary direct debit so that your cash flow is not affected.

The Council’s business rates team will also be moderating recovery action whilst the current situation persists, and are on hand to deal with any enquiries from businesses.

We know that this unprecedented situation is very difficult so please get in touch if you need any further clarity or if you wish to discuss your account on 0208 430 3250 or [email protected]

Community Wealth Building

Community Wealth Building

Find out what support the government has made available to businesses in response to the Coronavirus pandemic.

Community Wealth Building Business Bulletin (PDF)