In response to COVID-19, The Chancellor announced on 17 March 2020 further business rates support to help the most-affected firms;
Scheme 1 - providing a grant of £10,000 to small businesses eligible for Small Business Rate Relief, or Rural Rate Relief.
Scheme 2a - providing a grant of £10,000 to retail, hospitality and leisure businesses with a rateable value up to £15,000
Scheme 2b - providing a grant of £25,000 to retail, hospitality and leisure businesses operating from smaller premises, with a rateable value over £15,000 and below £51,000.
State aid rules apply to the above schemes, and on the application form a declaration must be made that you have not received more than €800,000 in state aid over a rolling three year period. If you have received more than €800,000 over the last three years then you are not entitled to a grant.
Any grant paid is for the business rates payer, if the recipient of the grant is not the ratepayer on 11 March 2020, we may take action to recover the amount of the grant.
It is expected that businesses who qualify for a grant payment will be sent a letter by no later than Friday 27 March 2020. The letter will be sent to the billing address that we hold for the business rates account.
Emails will also be sent out to businesses whose contact details we hold. If you have contacted us with a recent email address, then this email address will also receive details.
It is expected that the grant payments will be made in April.
Once further guidance is received from the Ministry of Housing, Communities, & Local Government in relation to the grants, a further update will be detailed here.