Day: May 3, 2020

Treasury bails out small businesses in co-working spaces

About 10,000 small businesses in co-working spaces have been disqualified from coronavirus business grants

The government has bailed out small businesses in co-working spaces and market traders ineligible for coronavirus business grants to the tune of £617m.

This additional £617m will be added to the £12.3bn handed to local authorities for them to distribute to all small businesses, with additional help for those in retail, leisure and hospitality.

Small businesses working out of co-working spaces cried foul that, because they were not directly paying business rates, they were ineligible for either the small business grants fund or the retail, hospitality

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