GRANTS AND BUSINESS RATES

BUSINESSES THAT PAY BUSINESS RATES

Holiday for retail, hospitality and leisure businesses -

The Government will introduce a business rates holiday for retail, hospitality and leisure businesses in England for the 2020 to 2021 tax year. Businesses that received the retail discount in the 2019 to 2020 tax year will be rebilled by their local authority as soon as possible.

ELIGIBILITY

Your business is based in England.

Your business is in the retail, hospitality and/or leisure sector.

Properties that will benefit from the relief will be occupied and wholly or mainly being used as shops, restaurants, cafes, drinking establishments, cinemas and live music venues / for assembly and leisure / as hotels, guest & boarding premises and self-catering accommodation

HOW TO ACCESS THE SCHEME

There is no action for you. This will apply to your next council tax bill in April 2020. However, local authorities may have to reissue your bill automatically to exclude the business rate charge. They will do this as soon as possible.

CASH GRANTS FOR RETAIL, HOSPITALITY AND LEISURE BUSINESSES

A £25,000 grant will be provided to retail, hospitality and leisure businesses operating from smaller premises, with a rateable value between £15,000 and £51,000.

ELIGIBILITY

Your business is based in England.

Your business is in the retail, hospitality and/or leisure sector.

Properties that will benefit from the relief will be occupied and wholly or mainly being used as shops, restaurants, cafes, drinking establishments, cinemas and live music venues / for assembly and leisure / as hotels, guest & boarding premises and self-catering accommodation

HOW TO ACCESS THE SCHEME

There is no action for you. This will apply to your next council tax bill in April 2020. However, local authorities may have to reissue your bill automatically to exclude the business rate charge. They will do this as soon as possible.

NURSERY BUSINESSES THAT PAY BUSINESS RATES

The government will introduce a business rates holiday for nurseries in England for the 2020 to 2021 tax year.

ELIGIBILITY

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 and wholly or mainly used for the provision of the Early Years Foundation Stage.

HOW TO ACCESS THE SCHEME

There is no action for you. This will apply to your next council tax bill in April 2020. However, local authorities may have to reissue your bill to exclude the business rate charge. They will do this as soon as possible.

BUSINESSES THAT PAY LITTLE OR NO BUSINESS RATES

The government will provide additional funding for local authorities to support small businesses that already pay little or no business rates because of small business rate relief (SBBR). This will provide a one-off

grant of £10,000 to eligible businesses currently eligible for SBRR or rural rate relief (RRR), to help meet their ongoing business costs.

ELIGIBILITY

If your business is eligible for SBRR or RRR, you will be contacted by your local authority. You do not need to apply.

HOW TO ACCESS THE SCHEME

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