Publication - Factsheet

Coronavirus (COVID-19): Business Contingency Fund

Published: 27 Oct 2020
Last updated: 11 Jun 2021 - see all updates

Information on the Contingency Fund for supporting nightclubs and soft play businesses required to close.

Contents
Coronavirus (COVID-19): Business Contingency Fund
Contingency Fund: Phase 1

This first phase of the Contingency Fund provided one-off grants to two sectors that were closed by law since March 2020: nightclubs and soft-play centres.

Award levels took into account 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 operated as a three-tiered scheme, with awards dependent on Rateable Value. Eligible businesses received 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 were eligible for each one, with second and subsequent locations payable at 75% of the standard rates set out above.


First published: 27 Oct 2020 Last updated: 11 Jun 2021 -