Business rates relief and reform may well be on the cards. Expect an extension to business rates relief in the Budget on 3 March and indications of the path business rate reform might take.
A summary of the Chancellor’s plan for jobs – including Job Retention Bonus, Kickstart Scheme, Green Homes Grant, Stamp Duty Land Tax , VAT for hospitality & tourism sector and “Eat Out to Help Out”.
Local Authority discretionary Grant Funding for SMEs may be available from your Local Authority following a Top Up of grant funding by the government. If your business employs less than 50 people and has seen a significant drop in income due to Coronavirus restriction measures but did not qualify for the Small Business Grant Fund or the Retail, Hospitality & Leisure Grant Fund, help could be on the way.
So far SMEs have only received just under 50% of the grant funding allocated by the government through the SMB & RHL grant funds. The average across Derbyshire is 48%. If you have not heard from your Local Authority, get in touch with them.