REDDITCH Borough Council has issued details of help for local businesses in the current coronavirus crisis.
“There are a number of new initiatives that the Government has put in place over the last week and we are working very hard to provide you with this funding.”
Any properties occupied by providers of Ofsted’s Early Years Register and wholly or mainly used for the provision of Early Years Foundation Stage and are subject to Business Rates in the year 2020/21 will receive a 100 per cent discount.
Ratepayers that occupy more than one property will be entitled to relief for each of their eligible properties.
All eligible businesses in the retail, hospitality, and leisure sectors will pay no business rates in 2020-21.
The Council is working to ensure no payments are drawn from eligible accounts.
All eligible businesses in the retail, hospitality, and leisure sectors will receive a cash grant of up to £25,000.
This will be paid depending on Rateable Value (RV) ; RV up to £15,000 will get £10,000 and RV between £15,000 and £51,000 will get £25,000.
All businesses in receipt of small business rates relief, regardless of sector, will be eligible for a cash payment of £10,000.
It is expected these grants will be paid to businesses by the borough council without the need for businesses to apply or to contact the council.
The government is expected to make the funding available to the Council in early April to enable so it can pass this on to businesses.
In addition the government has announced other funding opportunities for businesses.
Further information and updates are available on this Coronavirus Business Support page from the government.
For more details visit: here
The West Midlands Combined Authority has also produced a fact sheet available here
The Arts Council also received a grant to help those in the arts sector. Access it here