The Government have announced additional national Business Rates measures that will apply from 1 April 2020.
From 1 April 2020, the discount available for retail premises will be increased to 100%. This scheme was expanded to include cinemas and properties which are wholly, or mainly, used for the purpose of live music. It has now been further expanded to include hospitality and leisure properties (such as museums, theatres, gyms and hotels). Click here for further details of the current Retail Discount Scheme
As an extraordinary response to the coronavirus, the Government announced a business rates Nursery Discount on 18 March 2020.
This relief will apply to hereditaments occupied by providers on Ofsted's Early Years Register and wholly or mainly used for the provision of the Early Years Foundation Stage and which are subject to business rates in the year 2020/21. There will be no rateable value limit on the relief. Ofsted will ensure that all local authorities can access the Ofsted Early Years Register to help authorities identify eligible properties.
Click here for further details of the current Nursery Discount.
Local Newspaper Relief
Offices occupied by Local Newspapers will receive an annual £1,500 discount for five years from 1 April 2020 until 31 March 2025
Public Houses (with a Rateable Value below £100,000) will receive up to £5,000 in relief for the 2020/21 financial year (1 April 2020- 31 March 2021).
In line with the Government Guidance, we will be updating our Discretionary Rate Relief Policy, to reflect these changes. We will also be taking proactive steps to identify the businesses that are likely to qualify for each of the relief's, and where able, ensure these are reflected on their annual bills.
Local Restrictions Support Grant
The Local Restrictions Support Grant (LRSG) will be made available to eligible businesses in the District that are impacted directly by the four week National lockdown. In a similar way to the Small Business Grant/ Retail, Hospitality and Leisure Grant Funds which were delivered earlier this year, the grant will be available to rated operating businesses/ hereditaments (to qualify, a hereditament must be rated as of 05/11/20) that are required by law to close due to restrictions. Further details can be found here.