Businesses support on offer
We have started the process of rolling out additional business rates support being provided by Government during the Coronavirus outbreak.
Businesses are currently experiencing a range of significant and unprecedented pressures due to the Coronavirus pandemic and in response the Government has made available a number of financial and support packages to help during these difficult times.
The best source of information about all packages on offer is the Government Business Support website.
One-off small business grants of £10,000 are now available for businesses in receipt of small business rate relief or rural rates relief.
Cash grants for businesses in the retail, hospitality or leisure sector have also been made available. Those with a property with a rolling rateable value of:
- Up to £15,000 will receive a grant of £10,000
- Over £15,000 and less than £51,000 will receive a grant of £25,000.
We will pay the small business grant automatically where possible but will contact businesses if further information is required. More details on how to access the financial support and grants on offer are available through our website.
Retail business rate discount has been increased to 100 per cent for the 2020-21 financial year and now includes the leisure and hospitality sector, and pre-school nurseries.
Businesses need to do nothing, as this will be automatically applied and they will not be billed for next year’s amount. Businesses in the retail, leisure and hospitality receiving a bill indicating how much they owe next year can ignore this.
The Government has also announced grants made available. We will pay the retail, hospitality and leisure grants automatically where possible but will write to businesses if further information is required. Additionally, please keep an eye on our Covid-19 business support page.
Northamptonshire business owners can also contact the South East Midlands Local Enterprise Partnership (SEMLEP) Growth Hub to speak to an adviser directly about the Government’s business support measures. The Growth Hub is funded by the Government and can help directors to navigate the current COVID19 financial support measures and official guidance, and can support businesses to work through options if they are not eligible for the schemes. Advice and support includes assisting businesses with their continuity planning and overall business resilience.
This information has been issued in partnership with the Northamptonshire Local Resilience Forum.