As I understand the announcements (more details needed to fully grasp how the assistance will help), the grants will start to come out in April for businesses that have rateable premises. This will apply (I expect) even if you don't pay rates due to small business rate relief. Under £12000 RV the grant is £10000. The larger grant of £25000 is for businesses where the population is advised to avoid, pubs clubs etc. These businesses will also have 12 months free of business rates.
The loan is just that a 12 month loan that will incur interest and will be need to be paid back, I would be cautious with this given the unknown situation going forward and if a business will be catching up enough to pay back at the end of the loan.
In England the best source of advise will be your local growth hub, if you're suffering from the impact of a lack of customers or other factors, tell the growth hub as they are feeding this information into government on a daily basis.
The loan is just that a 12 month loan that will incur interest and will be need to be paid back, I would be cautious with this given the unknown situation going forward and if a business will be catching up enough to pay back at the end of the loan.
In England the best source of advise will be your local growth hub, if you're suffering from the impact of a lack of customers or other factors, tell the growth hub as they are feeding this information into government on a daily basis.