Grants, Business Rates and Loans


Under the Retail and Hospitality Grant Scheme businesses can access cash grants of £25,000 for each property with a rateable value of £15,001-£51,000 and £10,000 for each property with a rateable value of £15,000 or lower.

Details of the properties that will benefit from the relief can be found here.

Small businesses which occupy premises and already receive small business rate relief or rural rate relief are eligible for a one-off grant of £10,000 to help meet their ongoing business costs. Scotland & Wales have announced similar grant schemes. 

The link for information on the Scottish Scheme can be found here.

Please contact your local authority to confirm if you are eligible for a grant.

Business Rate Reliefs

12-month business rates holiday for all retail, hospitality and leisure businesses in England and Scotland for the 2020 to 2021 tax year.

UK Government guidance can be found here and Scottish Government guidance here.

Each local authority should adjust the next council tax bill to remove the business rates charge.

To estimate the saving for your business please use the calculator here. (based on English rates).

Businesses may also be able to request Hardship Relief via their local authority.

Useful Links

Business rates holiday for retail, leisure and hospitality businesses:

Business rates holiday for nurseries:

Coronavirus Business Interruption Loan Scheme (CBILS)

The Coronavirus Business Interruption Loan Scheme (CBILS) will provide UK businesses with an annual turnover of no more than £45m a loan of up to £5m interest-free for 12 months under a British Business Bank (BBB) scheme, where the Government provides the lender with a guarantee for 80% of each loan (subject to a per-lender cap on claims) and covers the cost of the first 12 months of interest.

Access to CBILS is through 40 BBB accredited lenders and further details can be found here.

Before applying, businesses are strongly advised to speak to their existing bank lender(s) and/or seek advice from our team if they wish to access CBILS. Access to the scheme can be found here.

Applications for both loan schemes have now been extended to 31st January 2021 and the repayment time for Bounce Back Loans has been extended from six years to ten.

Bounce Back Loan Scheme (BBLS)

You now have until 31 January 2021 to apply, but don’t delay in applying as most lenders will require you book a background-check appointment.

There's now the option to 'top up' your Bounce Back Loan. This is applicable to businesses that haven't already borrowed the maximum amount permitted under the scheme (ie, 25% of total turnover). This option can only be used once, and it should be available to businesses from the week commencing 9 November. More details are expected to follow shortly.

Here is a summary of terms of the Bounce Back Loan:

  • No interest will be charged and no repayments will need to be made in the first 12 months.  
  • After 12 months, all banks will charge a fixed 2.5% annual interest.
  • You can repay the loan early without penalty or with some banks you can part-repay or overpay.      
  • The loans can now last for 10 years i.e. a year interest-free and the rest at 2.5%. However, you can repay at any time without paying a fee, providing flexibility – and the sooner you repay once interest is charged, the smaller the overall cost.
  • Payment holiday and/or interest-only periods of up to six months. This includes the option to:
    • Move to interest-only payments temporarily up to three times, with each interest-only period lasting up to six months, and/or
    • Take one payment holiday over the length of the loan, pausing repayments for up to six months. This option can only be used once you've made at least six payments (whether capital and interest or interest only). 
    • Your business must have been established before 1 March 2020. It must also still be trading as a going concern at the point of application (temporary cessation due to coronavirus doesn't matter) – and the reason for any issues must be due to coronavirus.
    • Credit ratings (business or personal) won't affect your eligibility. You don't need to prove the viability of your business.
    • The loan will likely go on your business credit report, but not on your personal one (though banks may do 'soft' credit checks on both).
    • Bounce back loans DON'T affect your eligibility for other Government personal support i.e. you can still apply for a bounce back loan and get the SEISS support grants.

Get in touch

If you would like more information on the scheme, or you wish to discuss your current funding arrangements please get in touch with a member of our Corporate Finance team.

Our specialist Commercial Funding Team, led by Steve Dinsmore, would be happy to assist you with any application you might wish to make under scheme. Please call 0808 144 5575  or email

The Coronavirus Job Retention Scheme has been extended until 30 April 2021.

Claims for furlough days in December 2020 must be made by 14 January 2021.

You can no longer submit claims for claim periods ending on or before 31 October 2020