Small business rates relief
Additional Restrictions Grant (ARG4)
The Council has created a new Additional Restrictions Grant policy based on Government guidance, which will provide additional support to businesses who have been severely financially impacted by Covid restrictions and delay to the Government’s roadmap.
The scheme is open for applications from 1pm Thursday 22 July 2021 and closes at 10pm Sunday 8 August 2021.
All businesses will have to complete the secure online application form by clicking on the link below.
To be eligible, a business must fit under one of the following sectors:
- travel and tourism sector, including group travel, travel agents and tour operators
- wedding industries
- events industries
- English language schools
- freelance and mobile businesses (including caterers, events, hair, beauty and wedding related businesses)
Businesses will need to demonstrate that they have been severely financially impacted and will be required to submit evidence to support the claim.
All applications will be validated and a determination made as to whether the business is eligible for a grant and how much. Please note that no payments will be made until the application deadline of Sunday 8th August has passed and all applications have been assessed.
RESTART Grants – this scheme closed for applications on 30 June.
If you have already submitted an application please note that the council are required to undertake more extensive and robust pre-payment checks on the restart grants, so processing times for these grants may be longer.
From the 1st April 2017, ratepayers who occupy a property with a rateable value which does not exceed £50,999 (and who are not entitled to other mandatory relief or are liable for unoccupied property rates) will have their bills calculated using the lower small business non-domestic rating multiplier, rather than the national non-domestic rating multiplier.
In addition, generally, if the sole or main property is shown on the rating list with a rateable value which does not exceed £15,000, the ratepayer will receive a percentage reduction in their rates bill for this property of up to a maximum of 100%. For a property with a rateable value of not more than £12,000, the ratepayer will receive a 100% reduction in their rates bill.
Generally, this percentage reduction (relief) is only available to ratepayers who occupy either-
(a) one property, or
(b) one main property and other additional properties providing those additional properties each have a rateable value which does not exceed £2,899, (relief will only be applied to the main property)
The rateable value of the property mentioned in (a), or the aggregate rateable value of all the properties mentioned in (b), must not exceed £19,999 on each day for which relief is being sought. If the rateable value, or aggregate rateable value, increases above those levels, relief will cease from the day of the increase.
The Government has introduced additional support to small businesses. For those businesses that take on an additional property which would normally have meant the loss of small business rate relief, the Government has confirmed that they will be allowed to keep that relief for a period of 12 months.