March 13th, 2020.


The Treasury has announced a £3,000 grant for businesses that do not pay business rates to help them survive the coronavirus pandemic – how do you apply for it?

For a commercial property with a rateable value of £12,000, this is one-quarter of its rateable value, or comparable to three months of rent.

Around 700,000 businesses in England currently eligible for Small Business Rate Relief (SBBR) or Rural Rate Relief can apply for the emergency funding.

The additional £2.2bn of funding for local authorities is part of a package of fiscal measures to help small business survive the coronavirus pandemic.

However, the £3,000 coronavirus grant only applies to small business in England. Business rates in Scotland, Wales and Northern Ireland are set by their devolved administrations.


For the full story at smallbusiness.co.uk CLICK HERE.