Business Rates Grants

Dear Members,

Here is the latest update on Business Rates Grants.

Covid-19 Business Grant update

In response to Covid -19 the Government have announced that businesses with a Rateable Value (RV) of less than £15,000 and who receive small business rate relief or who are in the retail, hospitality or leisure sector will be entitled to a non-repayable grant of £10,000.

Business with an RV of between £15,000 and £51,000 in the retail, hospitality or leisure sector will be entitled to a grant of £25,000. These grants will be paid by Local Authorities.

It is not necessary to apply for these grants. However, in order to make payments your Council may need further information from eligible businesses.

You can find this information here

https://www.welhat.gov.uk/coronavirus/business-rates

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Business grants

The government has announced a small business grant of £10,000 (increased from £3,000 last week) for all businesses receiving small business rate relief, or rural rate relief.

There will also be grant funding of £25,000 for retail, hospitality and leisure businesses in properties with a rateable value between £15,000 and £51,000.

 

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