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2nd May 2020


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2nd April 2020


Small business grant fund

In response to the Coronavirus, Covid – 19, the Government has announced there will be support for small businesses in the form of a Small Business Grant Scheme.

Businesses will be eligible for payment of £10,000 subject to meeting eligibility criteria set out below.

Eligibility

You are eligible for the grant if:

  • Your business is based in England
  • Your property was in receipt of Small Business Rate Relief or Rural Rate Relief on 11 March 2020 (including those with a Rateable Value between £12,000 and £15,000 which receive tapered relief)

How do I access the fund?

You do not need to do anything. Your local authority will write to you if you are eligible for this grant. Here is a copy of the letter: Business Ratepayers letter.docx [docx] 43KB   If you do not receive your letter in the next seven working days, please complete this letter electronically. This is a great opportunity for you to register your business for online billing and to ensure that you are in receipt of all correspondence as soon as it is issued even when you are away from your business address.

Business rates holiday for retail, hospitality and leisure businesses

The Government introduced a business rates holiday for retail, hospitality and leisure businesses in England for the 2020 to 2021 tax year.

You are eligible for the business rates holiday if:

  • your business is based in England
  • your business is in the retail, hospitality and/or leisure sector
    • shops, restaurants, cafes, drinking establishments, cinemas and live music venues
    • for assembly and leisure
    • as hotels, guest & boarding premises and self-catering accommodation

We will reissue your bill automatically to exclude the business rate charge, hopefully during April 2020 once further clarification from the Government is received.

Cash grants for retail, hospitality and leisure businesses

The Retail and Hospitality Grant Scheme provides businesses in the retail, hospitality and leisure sectors with a cash grant of up to £25,000 per property.

For businesses in these sectors with a rateable value of under £15,000, they will receive a grant of £10,000.

For businesses in these sectors with a rateable value of between £15,001 and £51,000, they will receive a grant of £25,000.

You are eligible for the grant if:

  • your business is based in England
  • your business is in the retail, hospitality and/or leisure sector
  • shops, restaurants, cafes, drinking establishments, cinemas and live music venues
  • for assembly and leisure
  • hotels, guest and boarding premises and self-catering accommodation

You do not need to do anything. Your local authority will write to you if you are eligible for this grant, once guidance and the funding has been received from Central Government.

Support for nursery businesses that pay business rates

A business rates holiday for nurseries in England for the 2020 to 2021 tax year has been granted by Central Government.

You are eligible for the business rates holiday if:

  • your business is based in England
  • Properties that will benefit from the relief will be hereditaments:
    • occupied by providers on Ofsted’s Early Years Register
    • wholly or mainly used for the provision of the Early Years Foundation Stage

There is no action for you. A revised bill will be issued during April 2020 once further guidance and funding from Central Government has been received.