Business Grant Schemes
The closing date for applications for mandatory grants payable to businesses closed or seriously affected by Covid related trading restrictions was 30 June 2021 and the schemes are now closed. The Council has limited funds available to assist businesses that were or continue to be affected by Covid-19.
The council has also recently launched a grant scheme to support residents who are thinking of starting their own business.
Details of the grants currently available, can be found on visiting business recovery grants.
End of Business Rate Holidays
The government funded 100% rate relief to Nurseries and businesses in the Retail, Leisure and Hospitality sectors ended on 30 June 2021. Subject to cash caps imposed by government, businesses will receive a 66% reduction in their rates bill for the period from 1 July 2021 to 31 March 2022. The council will contact affected businesses shortly and will issue bills later in July. Rate instalments will become payable from your August payment date.
Businesses that receive 100% relief under the Small Business Rate Relief Scheme are not affected by this change.
Business Rates (also known as National Non-Domestic Rates) are a tax on business properties. The tax is set by the government and business rates collected by local authorities are the way that those who occupy non-domestic property contribute towards the cost of local services. Under the business rates retention arrangements introduced from 1 April 2013, authorities keep a proportion of the business rates paid locally. The money is used to help pay for the services the Council provides.