Some businesses, including nurseries, in England will be eligible for a Business Rates holiday for 1 year from 1 April 2020:
• If you are currently receiving the retail discount for your Business Rates bill, you will receive a revised bill with 100% relief shortly.
• If your business occupies a property in the retail sector with a rateable value of £51,000 or more, or if your business occupies a property in the leisure or hospitality sectors you may also be eligible for the 100% discount on your business rates bill.
• You will shortly hear from your Local Authority. If you have any questions, you should contact your Local Authority.
• If you are a nursery, you will be entitled to the 100% relief for the next year. You should contact your Local Authority for more information.
• Guidance for Local Authorities will be published by MHCLG by 20 March.
If your business is eligible for small business rate relief or rural rate relief in England, you are entitled to a one-off cash grant of £10,000:
• If your business is in the retail, hospitality or leisure sector in England, then you may also be entitled to a cash grant. If you have a property with a rateable value of less than £15,000 then you will be entitled to a grant of £10,000, whether or not you are entitled to small business rate relief or rural rate relief. If you have a property with a rateable value of between £14,999 and £51,000 then you will be entitled to a cash grant of £25,000.
• The Department for Business, Energy and Industrial Strategy (BEIS) will provide guidance for Local Authorities on how to administer these grants shortly.
• If you are an eligible business, your Local Authority will then be in touch in the coming weeks to provide details of how to claim this money.