Grants will be a lifeline for many of us - Here is what i know so far.
I've just got off the phone to my accountant who is looking into the grant situation for all their clients and is in contact with the council on an ongoing basis as i write this.
The following is what i have been told and may or may not be true or correct and could all change in the future but hopefully it's on the right track.
Also what businesses will be eligible i don't know but i was called personally by my accountant so guess i'm in the running.
Looks like they will come from the local authority by way of the government.
At present she said they are proposing to make grant payments to businesses at start of April but as she pointed out that will already be too late for many with end of month payroll.
She also said the councils are running skeleton staff as they are all dealing with the coronavirus situation at the moment, so means testing will be out of the question as will processing forms and paperwork. Maybe they will pay now process later.
She thinks they may just have to send out lump sums to businesses. What they will base that on i don't know - maybe last years turnover or profit??
Its a fluid thing at the moment, developing all the time but hopefully something good comes out of it. Will it be enough...who knows...
If i hear anything else i'll update.
If you have an accountant i'd advise chasing them up about this unless like mine they are already doing it on behalf of their clients.