A new round of grants to support businesses recovering from impact of the pandemic.
Whilst legal restrictions linked to the pandemic were eased in July this year, we are aware that businesses continue to face numerous challenges as the country seeks to recover from the impact of the pandemic.
We are continuing to work with partners to ensure that we can continue to provide support to residents and businesses across Fenland. One financial pressure that we are aware of relates to the partial removal of business rates reliefs introduced at the start of the pandemic in April 2020.
From 1 July 2021 the government revised the reliefs available for businesses in the retail, hospitality and leisure sector. Many businesses in Fenland in these sectors, which were not eligible for small business rates relief, received a 100% discount on their business rates in the 2020/21 financial year leaving them with no rates to pay. However, for the period 1 July 2021 to 31 March 2022 the level of relief has reduced from 100% to 66%.
Many businesses operating in these sectors are yet to return to trading volumes seen prior to the pandemic. In recognition of the financial pressure experienced by businesses liable for rates, we have agreed to use the Additional Restrictions Grant money to provide one-off grants. Grants are available to qualifying businesses in the retail, hospitality and leisure sector with a net business rates bill above £1,000. Grants will be paid on the following basis:
Net Business Rates payable for
2021-22 after all discounts applied
|£1,001 - £2,000||£1,000|
|£2,001 - £3,000||£1,500|
|£3,001 - £4,000||£2,000|
|£4,001 - £5,000||£2,000|
|£5,001 - £6,000||£2,000|
|£6,001 - £7,000||£2,000|
We aim to contact all business expected to be eligible to receive this grant by mid-October 2021.
However, if you believe your business is within the scope of the scheme, the ratepayer can complete the application form.
To qualify for the grant the business must confirm it fulfils the qualifying conditions set out on the form. Successful businesses can expect to receive their grant within 10 working days. Those business which have not been successful will receive an email confirming the reason for this within the same timeframe.
Questions relating to the scheme can be emailed to firstname.lastname@example.org. Subject to the outcome of conversations with government and partner organisations, further grants may be available later in the year. If this is the case details will be published on the business grants page on the Council's website.