Business rates holiday for retail, hospitality and leisure businesses – update
The Government announcement for the Business rates holiday for retail, hospitality and leisure businesses is currently being progressed. We are expecting the necessary software update from our software supplier, Capita, by the end of this week. This will enable us to re run businesses bills before the April payment date of 8th April. This will mean those businesses eligible will not have to pay any rates for 2020/21.
Small Business Relief Grant and Retail, Hospitality and Leisure Grant
The Government have now issued the guidance for local authorities to pay grants of either £10,000 or £25,000 to eligible businesses. We expect this to positively affect over 2,000 businesses in Rother with a total cost in the region of £27m. Read the Government’s eligibility criteria.
Specific information is required to enable the Council to validate the eligibility of the business and collect bank account information so we can make payments electronically. Therefore if you believe you are eligible for one of these grants please click on the link below. When the payment has been processed you will receive a confirmation email.
If you have already submitted a grant form and are eligible we will be making payments on Monday, Wednesday and Friday each week to ensure the business grants are paid as quickly as possible. The first payments are expected to be made week commencing 5 April, if not before. The payment will be made via BACS and takes two working days to clear into the business’ bank account. Due to the number of businesses entitled to support, there may be a delay in getting the payment to you.
If you have a query about the grants or your eligibility you might be able to find the answer in the Business Support Grant FAQs
Further information can be found on the South East Business Hub website
Support for self-employed through the Self-employment Income Support Scheme
The Government has launched the Self-employment Income Support Scheme (SEISS) which will support self-employed individuals (including members of partnerships) who have lost income due to coronavirus (COVID-19).
This scheme will allow you to claim a taxable grant worth 80% of your trading profits up to a maximum of £2,500 per month for the next 3 months. This may be extended if needed. There are qualifying criteria and we understand that the payment is likely to be paid in arrears in June for the April to June period.
The Government have published a whole webpage for supporting businesses, including those who are self-employed.