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COVID -19 Business Rates Related Relief

COVID -19   Business Rates Related Relief

The COVID 19 impact on business's has been immense and the Government have reacted quickly to introduce wide sweeping measures to assist those struggling with this reality. The measures have included various Business Rates initiatives and the following Government information provides further detail:

1. Support for retail, hospitality and leisure businesses that pay business rates
Business rates holiday for retail, hospitality and leisure businesses
We will introduce a business rates holiday for retail, hospitality and leisure businesses 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
your business is in the retail, hospitality and/or leisure sector
Properties that will benefit from the relief will be occupied properties that are wholly or mainly being used:

as shops, restaurants, cafes, drinking establishments, cinemas and live music venues
for assembly and leisure
for hospitality, as hotels, guest & boarding premises or self-catering accommodation
More information on eligibility is set out in the expanded retail discount guidance.

How to access the scheme
There is no action for you. However, local authorities may have to reissue your bill to provide this support. They will do this as soon as possible.

You can estimate the business rate charge using the business rates calculator.

2. 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.

Businesses in these sectors with a property that has a rateable value of up to £15,000 may be eligible for a grant of £10,000.

Businesses in these sectors with a property that has a rateable value of between £15,000 and less than £51,000 may be eligible for a grant of £25,000.

Eligibility
You are eligible for the grant if:

your business is based in England
your business is in the retail, hospitality or leisure sector
your business has a rateable value of under £51,000
Properties that will benefit from the relief will be occupied properties that are wholly or mainly being used:

as shops, restaurants, cafes, drinking establishments, cinemas and live music venues
for assembly and leisure
as hotels, guest and boarding premises and self-catering accommodation
How to access the scheme
You do not need to do anything. Your local authority will write to you if you are eligible for this grant.

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

3. Support for nursery businesses that pay business rates
We 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
wholly or mainly used for the provision of the Early Years Foundation Stage
How to access the scheme
There is no action for you. However, local authorities may have to reissue your bill to provide this support. They will do this as soon as possible.

You can estimate the business rate charge using the business rates calculator.

4. Support for businesses that pay little or no business rates
The government will provide additional Small Business Grant Scheme funding for local authorities to support small businesses that already pay little or no business rates because of small business rate relief (SBRR), rural rate relief (RRR) and tapered relief. This will provide a one-off grant of £10,000 to eligible businesses to help meet their ongoing business costs.

Eligibility
You are eligible if:

your business is based in England
you are a business that occupies property
you are receiving small business rate relief or rural rate relief as of 11 March
How to access the scheme
You do not need to do anything. Your local authority will write to you if you are eligible for this grant.

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