Information on business rates and cash grants.
- The 100% business rates holiday for the next 12 months announced in the Budget has been extended to cover all retail, hospitality and leisure businesses in England - not just those up to £51k Rateable Value.
- A £25,000 cash grant will be available to retail, hospitality and leisure businesses in smaller premises, with a Rateable Value below £51k.
- A proposed £3,000 cash grant to 700,000 small businesses (those eligible for Small Business Rate Relief) announced in the Budget will be increased to a £10,000 cash grant. It is anticipated that this will also apply to those eligible for rural rates relief.
- It is anticipated the rates relief and grants will apply from April 2020 and grants paid via the council to which you pay your business rates. The latest information on this is available here and you can contact your council about these grants here: Herefordshire Council, Shropshire Council and Telford & Wrekin Council.
- If you are not a business eligible for the grants above, you may be eligible for the new Coronavirus Business Interruption Loan Scheme
- If you do not pay business rates, latest information on support for you is here.
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