In addition to the 100% business rate relief in 2020-21 for all retail, leisure and hospitality businesses, £850 million will be made available for a new grant scheme for businesses.
In particular, all businesses that are currently eligible for Small Business Rates Relief – those with a rateable value up to £12,000 – will receive a grant of £10,000.
Retail, leisure and hospitality businesses with a rateable value between £12,001 and £51,000 will receive a grant of £25,000.
Furthermore, there will be a hardship fund to provide support for certain other businesses.
Once this information is released we will let you know immediately.