This first phase of the Contingency Fund will provide one-off grants to two sectors that that have been closed by law since March 2020: nightclubs and soft-play centres.
Award levels take account of those exceptional circumstances and should not be regarded as setting a precedent for future business support or indeed subsequent phases of the Contingency Fund.
This first phase of Contingency Fund grants will operate as a three-tiered scheme, with awards dependent on Rateable Value. Eligible businesses will receive a:
- £10,000 grant for a property from which they operate with a rateable value of £18,000 or under; or
- a £25,000 grant for a property from which they operate with a rateable value between £18,001 and £51,000; or
- a £50,000 grant for a property from which they operate with a rateable value above £51,001.
Businesses operating multiple premises will be eligible for each one, with second and subsequent locations payable at 75% of the standard rates set out above.