Coronavirus: Business Rates Relief and Grants
From 1st April 2021 the LRSG (Closed), LRSG (Open), LRSG (Sector) grants will be replaced by Restart Grants.
- For businesses not eligible for Restart Grants, you may be eligible under the Additional Restriction Grants which have also been extended.
- All grants are accessed through your local authority and we’ve provided a list of links below.
- You may also be eligible for rates relief, see the bottom of this page for more information.
Restart Grants (Open from 1 April 2021)
The Restart Grants are one-off payments available to non-essential retail businesses and businesses in the hospitality, accommodation, leisure, personal care and gym sectors. The rates that apply for the hospitality, accommodation and leisure businesses are:
• £8,000 for businesses with a rateable value of exactly £15,000
• £12,000 for businesses with a rateable value over £15,000
• £18,000 for businesses with a rateable value of exactly £51,000
Tourism businesses who can apply for the Restart Grants:
• Hospitality: a business whose main function is to provide a venue for the consumption and sale of food and drink.
• Leisure: a business that provides opportunities, experiences and facilities, in particular for culture, recreation, entertainment, celebratory events, days and nights out, betting and gaming.
• Accommodation: a business whose main lodging provision is used for holiday, travel and other purposes.
• Gym & Sport: a commercial establishment where physical exercise or training is conducted on an individual basis or group basis, using exercise equipment or open floor space with or without instruction, or where individual and group sporting, athletic and physical activities are participated in competitively or recreationally.
Additional Restrictions Grant (ARG)
To support businesses that are not covered by other grant schemes or where additional funding is needed, this scheme provides local councils with grant funding to support closed businesses that do not directly pay business rates as well as businesses that do not have to close but which are impacted.
Local councils have the freedom to determine the eligibility criteria for these grants. However, the funding is expected to help those businesses which – while not legally forced to close – are nonetheless severely impacted by the restrictions.
This could include:
- businesses which supply the retail, hospitality, and leisure sectors
- businesses in the events sector
- business required to close but which do not pay business rates
Business Rates Relief
A 100% business rates holiday for all retail, hospitality and leisure businesses in England has been confirmed until the end of June 2021. This will be followed by a 66% discount until 31st March 2022.
- Eligible businesses include properties used for; shops, restaurants, cafés, drinking establishments, cinemas, live music venues, assembly and leisure, hotels, guest and boarding premises and self-catering accommodation.
- The discount is being capped at £2 million per business for properties that were required to be closed on 5 January 2021, or £105,000 per business for other eligible properties.
- The government will legislate to ensure that the business rates' relief repayments that have been made by certain businesses are deductible for corporation tax and income tax purposes.
- Businesses that received the retail discount in the 2019 to 2020 tax year will be rebilled by their local authority as soon as possible.
- There is no action for you. Businesses that received the 2020/21 rates relief should automatically see this reflected in the bill they receive from their local authority.
- You can estimate the business rate charge you will no longer have to pay this year using the business rates calculator.
- Any enquiries on eligibility for, or provision of, the reliefs should be directed to the relevant local authority through the links we have provided or the Business Support Helpline: 03333 602300 (Monday to Friday, 8.30am to 6.30pm)
All grants are distributed by local authorities, you can find more information on how to apply via your own local authority from the list below:
- Broxbourne Borough Council
- Dacorum Borough Council
- East Herts Borough Council
- North Herts District Council
- St Albans District Council
- Stevenage Borough Council
- Three Rivers District Council
- Watford Borough Council
- Welwyn Hatfield Borough Council
- Hertsmere Borough Council
This document covers the frequently asked questions that local authorities receive relating to the grant scheme. The document is designed to support local authorities but it can also act as a useful guide for businesses. CLICK HERE>>>