Government support for Retail, Hospitality and/or Leisure Sector Businesses.
If your Company is classed as an “SME” with fewer than 250 employees as of the 28th February 2020 and you are in the retail, hospitality and/or leisure section the government is introducing a business rates holiday for the year 2020 to 2021.
The good news is that there is nothing for you to do and the Local Authority will contact you. Although, you may want to contact them directly to address it yourself.
There are further cash grants available to those of you to which this applies as follows: –
Small business grant funding of £10,000 for all businesses in receipt of small business rate relief or rural rates relief.
Grant funding of £25,000 for retail, hospitality and leisure business with property with a rateable value between £15,000 and £51,000
And again, you do not need to do anything the Local Authority will write to you if you are eligible for these grants.
If you want to know any more or discuss further please feel free to contact us on 01270 212000.
Full details on the support for businesses is available on the Government website click here