Coronavirus support for businesses

Emergency rates relief and grants

Discretionary Grant Fund

Applications are open for Discretionary Grants

We are inviting Discretionary Grant Fund applications from 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. We will consider applications from the following:

  • 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 can be made from 22 June 2020 to 3 July 2020. Applications will be considered on a first come, first served basis and incomplete or inadequately evidenced applications will be rejected. 

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.

Check eligibility and apply for the grants for small businesses in multi-tenanted 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:

  • 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
  • businesses which owe money to the Council will be required to repay debts before any grant 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
  • applications can be made from 22 June 2020 until 3 July 2020 (inclusive), using the online form. 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 will be successful
  • 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. 

If we have an email address or mobile number for you, you will shortly receive an email or text message. 

If we only have a physical address then you will shortly receive a letter. We encourage you to complete the on line form below in order that your grant payment can be made as quickly as possible.

Please complete the on line form below according to your eligibility criteria.

Scheme 1 Small Business Relief Grant 

Receiving SBRR = £10,000 grant payment.

Scheme 2 Retail, Leisure and Hospitality Grant

Receiving Retail Discount with a rateable value of up to £15,000 = £10,000 grant payment or Receiving Retail Discount (Retail, Hospitality and Leisure) with a rateable value of £15,001 to £50,999 = £25,000 grant payment.​

 

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)