The UK Government is introducing a business rates holiday for retail, hospitality and leisure businesses that have to close as a result of Covid-19 restriction measures.
The aim of the measure is to provide relief for businesses that are experiencing the significant disruption caused by Covid-19. In England, businesses in these sectors are eligible for the following grants.
- Businesses with a rateable value of under £15,000, will receive a grant of £10,000.
- Businesses with a rateable value of between £15,001 and £51,000, will receive a grant of £25,000.
In Scotland, businesses in retail, hospitality and leisure with a rateable value between £18,000 and £51,000 (inclusive) will be eligible for a one-off grant of £25,000.
Who is eligible?
Businesses must be based in England and in the retail, hospitality and/or leisure sector. The grant applies to properties that are used:
- as shops, restaurants, cafes, drinking establishments, cinemas and live music venues
- for assembly and leisure
- for hospitality, as hotels, guest & boarding premises or self-catering accommodation.
How to Apply?
At this stage you do not need to do anything. You will be contacted by your local authority.
Check if your retail, hospitality or leisure business is eligible for business rates relief due to coronavirus (COVID-19)