Chancellor Rishi Sunak has outlined a series of measures intended to provide financial support in light of coronavirus COVID-19.
The coronavirus (COVID-19) pandemic has caused disruption and uncertainty to businesses around the world. The government are introducing temporary measures to help ease the financial impact of COVID-19 on UK businesses.
The supportive measures are rapidly evolving as the full impact of COVID-19 on UK business is realised, so we’ll be doing our best to help you keep up with what’s available. Last updated 25th March 2020.
Can I get help with my business rates due to COVID-19?
Social distancing to help stop the spread of coronavirus COVID-19 has already had a severe impact on the economy, particularly those sectors reliant on people coming together.
To support businesses, it has been announced that eligible high street business forced to close due to COVID-19 restrictions will be exempt from business rates for 2020-21.
The list of those who are eligible for the 100% grant on business rates includes premises used for the purpose of:
Exemptions on that list have also been removed to allow estate agents, letting agents, and bingo halls to receive the 100% exemption on business rates.
What if I already claim Small Business Rate Relief (SBRR)?
If you are already exempt from business rates (or only pay a small amount) because you claim Small Business Rate Relief (SBRR) then you may be able to receive other help instead.
This includes a one-off £10,000 grant to help you with ongoing costs.
How do I get help with business rates due to coronavirus?
If you are a larger business who pays business rates, then you should contact your local council authority about the government’s plans for a payment holiday.
Smaller businesses who are eligible for Small Business Rate Relief (SBRR) will be contacted directly by their local council authority, rather than making an application.