Local Authority Support/Grants for the retail, leisure and hospitality sector

Support for businesses that pay business rates

Business rates holiday for retail, hospitality and leisure businesses.

The government is introducing a business rates holiday for retail, hospitality and leisure businesses in England for the 2020-21 tax year.

Businesses that received the retail discount in the 2019-20 tax year will be rebilled by their local authority as soon as possible.

You are eligible for the business rates holiday if: your business is based in England and your business is in the retail, hospitality and/or leisure sector.

Properties that will benefit from the relief will be occupied premises that are wholly or mainly being used:

  • shops, restaurants, cafes, drinking establishments, cinemas and live music venues;
  • for assembly and leisure;
  • as hotels, guest & boarding premises and self-catering accommodation.

There is no action that you need to take. The relief will apply to your next council tax bill in April 2020. However, local authorities may have to reissue your bill automatically to exclude the business rate charge. They will do this as soon as possible.

Cash grants for retail, hospitality and leisure businesses

The Retail and Hospitality Grant Scheme provides businesses in the retail, hospitality and leisure sectors with a cash grant of up to £25,000 per property.

For businesses in these sectors with a rateable value of under £15,000, they will receive a grant of £10,000.

For businesses in these sectors with a rateable value of between £15,001 and £51,000, they will receive a grant of £25,000.

You are eligible for the grant if: your business is based in England and your business is in the retail, hospitality and/or leisure sector.

Properties that will benefit from the relief will be occupied premises that are wholly or mainly being used:

  • as shops, restaurants, cafes, drinking establishments, cinemas and live music venues;
  • for assembly and leisure;
  • as hotels, guest and boarding premises and self-catering accommodation.

Depending upon local authority you may need to make a claim as some are requesting that claims are made to them and others are stating that they will contact. Please check your local authority website to see if you need to make a claim.

For those under Charnwood Council you need to register your claim at https://www.charnwood.gov.uk/pages/coronavirus_business_support_grants_payments

Please contact us now should you require support on 01509 267827 or accountants@essexabel.co.uk or contact your client advisor directly.

Updated: 02/04/2020