One of the big things to know from the government announcements is their small business rates relief.
There will be a £10,000 grant for all small businesses who are in receipt of small business rates relief.
In this blog we want to point businesses in the right direction for how they can get this relief, and qualify for the grant.
Who Can Get The Relief?
The government has said that they will provide additional funding for local authorities to support small businesses that pay little or no business rates due to small business rate relief.
If your business is eligible for either Small Business Rate Relief or Rural Rate Relief, you will be contacted by your local authority and you do not need to apply.
How Do You Qualify?
This statement made by the government would suggest that you will need to have a Non Domestic Rates Bill in order to qualify for this grant.
Therefore if you have not registered with your local authority for business rates, you should do this as soon as possible!
These are the steps you can follow to get registered:
1) Find Your Local Authority Reference
Go to the gov.uk website at this link and search for the postcode of your office to find the business rates valuation on the list.
You will need to grab your Local Authority Reference and see whether your rateable value is below £51,000 per year.
2) Let Your Local Authority Know
Get in touch with your local authority via phone or email and state your name, your office address, and your local authority reference number.
Once you’ve passed this information on you should move onto step 3.
3) Make Sure You Are Claiming Rates Relief
State that you are claiming (or want to claim) small business rates relief, and you should receive a bill in a few weeks which will help you to claim the grant.
Due to lots of businesses doing this, you should expect the waiting time to be a little longer.
The grants will not be available until early April regardless.
Keeping Business Owners In The Loop
Following these steps should put you on the trajectory for claiming your grant, and ensuring that your business gets the support it needs during these tough times.
We’ll be keeping business owners up to date with all of the government’s announcements, and pointing you in the right direction of how to make the most of what’s available.
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