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Coronavirus and support for businesses

Important coronavirus support for businesses update

The government has announced a 12-month business rates holiday for all businesses entitled to retail relief, in addition to those already receiving 100% small business rate relief. Therefore, any business with a rateable value up to £51,000 receiving retail relief on their latest bill will not have to make any payment for the next year. Read more on the government's business support website.

The council will not be debiting any accounts that meet the criteria but if your business does not pay by Direct Debit please note you are not required to make payment.

Your rateable value is clearly shown on your last bill but if you need to check your rateable value please visit the business rates pages on the GOV.uk website.

Any business operating in the hospitality, leisure and nursery sector will be entitled to a payment holiday.

Please do not make any payments if your business operates is in these areas regardless of your rateable value. The council will not process Direct Debits for any business clearly identified as being in this sector.

In addition to payment holidays there will be grants available of £10,000 for those businesses in receipt of Small Business Rate relief where they have a rateable value up to £15,000.

Those businesses receiving Retail Relief with rateable values between £15,000 and £51,000 will have grants of £25,000 available.

The council is awaiting the final details from the government but plans to pay these grants as soon as possible. Please check our website for updates as announcements are made.

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Article utilities:  Bookmark and Share Print Print this page Last updated: 26 Mar 2020 at 13:31