Business Rates Grants

01536 713 555

cfwaccountants.co.uk

08/04/2020

Following the UK Governments introduction of the Small Business Grant Funding scheme for businesses in receipt of Small Business Rates Relief or Rural Rates Relief, and the introduction of the Retail and Hospitality Grant scheme for retail, hospitality and leisure businesses, we are starting to see movement by the Local Authorities.

 

Local Authorities

Although the administration and distribution of these grants is being managed by Local Authorities we are finding the advice being put out by Local Authorities differs from Authority to Authority. The UK Government guidance states that businesses do not need to apply and that your Local Authority will write to you if you are eligible for this grant.  Although this advice is being replicated on some Local Authority websites we have found that some Local Authorities are making businesses apply direct to them.

We are advising all businesses that believe they are eligible for either the Small Business Grant Funding scheme or the Retail and Hospitality Grant scheme to check their Local Authority website on a regular basis for updates, and follow that guidance in order to apply for and receive the grant.

You can find your Local Authority here.

You can find the Corby Borough Council grant page here.  Corby Borough Council have an online application form for the grants.

You can find the Kettering Borough Council grant page here.

 

Small Business Grant Funding

As a reminder, a grant of £10,000 is available for all businesses in receipt of the Small Business Rate Relief or the Rural Rate Relief.  This will be applicable to all businesses with property with a rateable value below £15,000 not currently paying business rates. The guidance can be found here.

 

Retail and Hospitality Grant

As a reminder, a grant of £25,000 is available to all retail, hospitality and leisure businesses with property with a rateable value between £15,000 and £51,000.

The guidance can be found here.

 

Retail and Hospitality Rate Holiday

As a reminder, there is a 12 month rates holiday available to all retail, hospitality and leisure businesses based in England. The guidance can be found here.

 

Links

Our previous updates can be found on Facebook and LinkedIn or on our website blog.

A UK Government business support website can be found here.  It contains guidance on all Coronavirus financial measures and business advice.

A UK Government general COVID-19 support website can be found here.  It contains guidance on all matters pertaining to the Coronavirus.

 

We will continue to monitor the situation and keep you informed.  If you have any concerns, please do not hesitate to contact us.  Like you ,we are doing our best to deal with the situation, and we must all pull together to see this through.

 
About Us

CFW Chartered Accountants & Business Advisers are based in Kettering, Northamptonshire, offering local business owners and individuals a wide range of services. All clients are entitled to fixed fees, work delivered on time and unlimited phone support. Visit our website cfwaccountants.co.uk for more information.

 
 

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