Business rates relief boosted with new £1.5 billion pot
On 25 March 2021 the Government announced new business rates relief for those affected by COVID-19 outside the retail, hospitality and leisure sectors. The details of this announcement can be found here: www.gov.uk/government/news/business-rates-relief-boosted-with-new-15-billion-pot
Still awaiting detailed guidance and timelines from the Government on this and when more information is known it will be placed on the Eastbourne and Lewes Council website.
Expanded retail discount 2021/22
In the 3 March 2021 Chancellor’s budget the Government also proposed a 66% discount for 2021/22 only from 1 July 2021, but capped at up to a total value of £2 million per business. If the business was legally allowed to open during the national lockdown starting 5 January 2021, this cap is £105,000 rather than £2 million.
A discount scheme will be introduced from 1 July 2021 to award the 66% discount that mirrors guidance issued by Government. All businesses currently in receipt of the 3 month 100% discount will be contacted to confirm eligibility for the 66% discount.
Applications are still open for the Restart Grants scheme for business rate paying businesses in the non-essential retail, hospitality, leisure, personal care and accommodation sectors.
This grant replaces the Local Restrictions Support Grants which were awarded up to 31 March 2021.
Applications must be received by no later than 30 June 2021 when the scheme closes.
For further guidance on coronavirus support for businesses, visit the government’s Business Support website.
If you would like help navigating the range of measures including eligibility, contact Business East Sussex, a free and impartial government funded business support service. More information can be found on the Business East Sussex website