Business rates support

There is a package of measures to support businesses with premises registered for business rates:

  1. 12-month business rates holiday for all retail, hospitality and leisure businesses in England.
  2. small business grant funding of £10,000 for all business in receipt of small business rate relief or rural rate relief.
  3. grant funding of £25,000 for retail, hospitality and leisure businesses with property with a rateable value between £15,000 and £51,000.

Any enquiries on eligibility for, or provision of, the reliefs should be directed to the relevant local authority.

Support for businesses that pay little or no business rates

Additional funding for local authorities to support small businesses that already pay little or no business rates because of small business rate relief (SBRR). A one-off grant of £10,000 to businesses currently eligible for SBRR or rural rate relief, to help meet their ongoing business costs. If your business is eligible for SBRR or rural rate relief, you will be contacted by your local authority – you do not need to apply.

Funding for the scheme will be provided to local authorities by the government in early April 2020.

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Posted in pandemic.