Grant Support for Leisure and Hospitality Businesses
Following the government’s 28 day deferral of the removal of trading restrictions, the Council will be making a further grant payment to the Leisure and Hospitality businesses which were most impacted.
Businesses will not need to make an application, payments will be allocated based on previous grant applications data.
A one off payment will be made to qualifying businesses, as follows
a. Businesses occupying hereditaments appearing on the local rating list with a rateable value of exactly £15,000 or under on 1 April 2021 will receive a payment of £1,334.
b. Businesses occupying hereditaments appearing on the local rating list with a rateable value over £15,000 and less than £51,000 on 1 April 2021 will receive a payment of £2,000
c. Businesses occupying hereditaments appearing on the local rating list with a rateable value of exactly £51,000 or over on 1 April 2021 will receive a payment of £3,000
d. Businesses operating from domestic premises will receive a payment of £1,334
The government has now withdrawn all other Local Restrictions Grants and Re- Start Grants. No applications can now be accepted for those.
This policy will be updated by 31 July, in accordance with changes to the prevailing trading restrictions and the availability of government funds to support businesses.
End of Business Rate Holidays
The government funded 100% rate relief to Nurseries and businesses in the Retail, Leisure and Hospitality sectors ended on 30 June. Subject to cash caps imposed by government, businesses will receive a 66% reduction in their rates bill for the period from 1 July 2021 to 31 March 2022. The council will contact affected businesses shortly and will issue bills later in July. Rate instalments will become payable from your August payment date.
Businesses that receive 100% relief under the Small Business Rate Relief Scheme are not affected by this change.
Business Rates (also known as National Non-Domestic Rates) are a tax on business properties. The tax is set by the government and business rates collected by local authorities are the way that those who occupy non-domestic property contribute towards the cost of local services. Under the business rates retention arrangements introduced from 1 April 2013, authorities keep a proportion of the business rates paid locally. The money is used to help pay for the services the Council provides.