To help businesses struggling due to the COVID-19 lockdown, local authorities have been distributing grants of £25,000 or £10,000 to certain businesses which pay business rates on properties with a rateable value of less than £51,000. In addition businesses which qualify for rural relief or small business rates relief should automatically receive a grant.
However many small businesses do not pay business rates directly, either because they lease shared accommodation or they pay council tax instead as no part of their premises is exclusively used for the business. This would cover most bed and breakfast businesses.
If you are a small business ask your local authority about what grants may be available to you.
Local authorities in England have been given more funding to make discretionary grants to those business who do not pay business rates. These grants can be for less than £10,000. In Scotland, Wales and Northern Ireland there is a range of grants available to different sectors including B&Bs, holiday lets and the creative arts.
If you are a small business, ask your local authority about what grants may be available for you.