How Business Rates are Calculated
We have now completed the background checks required before making payment of the restart grants and payments for successful claims submitted before 7th May 2021 are due to be released Monday 10th May to be in bank accounts 2-3 days later.
All eligible businesses will need to make an application for a restart grant even if your business has received payment from previous grants.
To qualify, the business must be a business ratepayer, must have been trading on 1 April 2021 and be in one of the relevant sectors
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.
The guidance documentation can be found by clicking the link below
Closing Dates For Business Support Grant Applications
The current round of application for discretionary (arg) application, is now closed
LRSGA 16/02/2021 to 31/03/2021 Last date for applications 31/05/2021
All businesses that wish to claim will have to complete the secure online form by clicking on the link below.
Do not use this form to apply for the RESTART grants available from April. We will be inviting applications shortly via a different on-line application and details will be updated on these pages when the scheme is live.
All applications will be validated and a determination made as to whether the business is eligible for a grant and how much. Payment will be made as soon as practical after the assessment has been made.
The government will not accept deliberate manipulation and fraud and any business caught falsifying their statements or evidence to gain grant money will face prosecution and any funding issued will be subject to claw back, as may any grants paid in error.
Business rates are charged on most non-domestic properties, like: shops, offices, pubs, warehouses, factories, holiday rental homes or guest houses. You’ll probably have to pay business rates if you use a building or part of a building for non-domestic purposes.
Business rates are worked out based on your property’s ‘rateable value’.
This is its open market rental value on 1st April 2015, based on an estimate by the Valuation Office Agency (VOA).
You can estimate your business rates by multiplying the rateable value by the correct ‘multiplier’ (an amount set by central government)..
Your bill will be reduced if your property’s eligible for business rates relief.
If your bill is due to increase or decrease by a large amount in comparison to the pervious year it maybe restricted by transitional relief.