Original Source: Department for Business, Energy & Industrial Strategy
The government will provide additional funding for local authorities to support small businesses that already pay little or no business rates because of small business rate relief (SBBR). This will provide a one-off grant of £10,000 to businesses currently eligible for SBRR or rural rate relief, to help meet their ongoing business costs.
Updated 24th March 2020
Local authorities will be responsible for delivering the funding to eligible businesses.
Who is eligible?
All businesses in England who get Small Business Rates Relief (SBRR) or Rural Rates Relief (RRR) will be eligible for a payment if:
- They were eligible for relief under the SBRR scheme (rateable value up to £15,000); or
- Their hereditaments were eligible for the Small Business Rate Multiplier
each on the 11th March 2020.
Hereditaments occupied for personal use (private stables, loose boxes, beach huts and moorings); car parks and parking spaces and those businesses which as of 11th March 2020 were in liquidation or dissolved will not be eligible.
Who will receive the funding?
The person who was the ratepayer on 11th March 2020 according to the billing authority's records.