The government has also provided a package of temporary measures to support businesses through the period of disruption caused by Covid-19. The measures you can access differ if your business is in Scotland, Wales or Northern Ireland, with additional detail being released regularly.
Retail, hospitality and leisure sector
A business rates holiday will automatically be given to businesses with property that is wholly or mainly being used in this sector. Nurseries also qualify.
You may also be entitled to a cash grant depending on your property’s rateable value:
Premises occupied for personal use are excluded, and there is also no relief for anyone working from home and therefore not paying business rates.
Your local authority will write to you if you are eligible for a grant, so you do not need to act directly. All local authorities have apparently already received the necessary funding.
You can check here to see if your business is within the retail, hospitality and leisure sector here.
Other businesses can qualify for a £10,000 grant if they have a property that qualifies for small business rates relief (rateable value £15,000 or less). You might not even be aware you qualify because no rates will have been paid if your property’s rateable value is £12,000 or less. You will also receive the grant if you qualify for rural rate relief.
Again, there is no need to do anything as your local authority will write to you. All local authorities have already received the necessary funding. Implementation is being rolled out but will vary across authorities according to when they are able to put measures in place.
On 2 April, the Chancellor announced revisions to some of the business support measures.
There are likely to be further developments, contact us if we can help finding your way through.
For more information relating to COVID-19, please view our COVID-19. Information Quick Find page