Grants to Small Businesses
The government has now provided details of the grant scheme to support small businesses that already pay little or no business rates because of small business rate relief and rural rate relief.
The guidance has confirmed that all properties in receipt of rural rate relief or small business rates relief on 11th March, including those in receipt of tapered relief, (i.e. rateable value up to £15,000) will be eligible for a grant payment of £10,000.
Properties whose liability is calculated using the small business multiplier but not in receipt of small business rates relief will not qualify for this grant and neither will properties which are occupied for personal use, e.g. private stables, beach huts and moorings even if they are in receipt of relief.
Ratepayers do not need to apply for this grant, we will identify qualifying businesses properties and the grant will be paid to them. We are working on determining the best way to get payments to businesses and the verification we will need before making payments. Funding for the scheme is expected from the Government at the beginning of April and payments will be made as soon as possible after that.