Birmingham City Council offers a range of financial support options for businesses, especially in light of the ongoing impact of COVID-19. Here’s a summary of the key support measures available:
| Support Type | Details |
|---|---|
| Small Business Grant | £10,000 for businesses receiving Small Business Rate Relief or Rural Rate Relief. |
| Retail, Hospitality and Leisure Grant | - Up to £10,000 for properties with a rateable value of up to £15,000. |
| - £25,000 for properties with a rateable value over £15,000 and less than £51,000. | |
| Discretionary Grants | Available for small businesses facing financial hardship that do not qualify for the above grants. |
| Business Interruption Loan Scheme | Loans to help with cash-flow pressures for viable businesses. |
| HMRC Time To Pay Scheme | Assistance with tax payments for businesses facing hardship. |
| Growth Hub Support | Offers free business advice, including access to further funding and growth resources. |
Additionally, businesses can check with the Greater Birmingham Chamber of Commerce or the Greater Birmingham and Solihull Growth Hub for more tailored support and information.
If you're a business owner in Birmingham, it's definitely worth reaching out to the Birmingham City Council Business Development Team for assistance or more information tailored to your situation.