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Business rates & cash grants

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Information on business rates and cash grants

  • NEW: The Restart Grants scheme opened in April 2021. Similar to the Local Restrictions Support Grant (LRSG), it supports businesses required to close due to COVID-19 lockdown restrictions imposed by the government. These grants are available from the local authority to which you pay your business rates and you can find out more by visiting the relevant pages on the websites of our partners Herefordshire CouncilShropshire Council and Telford & Wrekin Council.
  • The latest LRSG grants were announced in the Budget announcement on March 5 and were for  businesses required to close in England due to local or national restrictions. PLEASE NOTE: Any businesses who have previously been successful since November 2020, do not need to apply again.
    • £2,096 for businesses with a rateable value of £15,000 or under
    • £3,143 for businesses with a rateable value between £15,000 and £51,000
    • £4,714 for businesses with a rateable value of over £51,000
    • The Government has allocated extra funding to local authorities for a discretionary grant scheme to help those businesses which may have fallen through the cracks of the existing funding support. You need to apply to the local authority where your business is based. Find out more here
    • 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 was available to retail, hospitality and leisure businesses in smaller premises, with a Rateable Value below £51k for the first national lockdown. If you have not received this and believe you are eligible, you need to contact the local authority to which you pay your business rates.
  • If you do not pay business rates, latest information on support for you is here.

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