Business: Finance

(asked on 17th June 2021) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what plans he has to allocate funding to local authorities for distribution to businesses not eligible for the Retail, Hospitality and Leisure Business rates relief.


Answered by
Jesse Norman Portrait
Jesse Norman
This question was answered on 22nd June 2021

The Government is providing £1.5 billion of additional support to businesses that have not already received business rates relief. The relief will be allocated to local authorities based on the stock of properties in the area and the sector-specific economic impacts of COVID-19. The Government will also work with and support local government to enable ratepayers to apply as soon as possible this year, once the legislation relating to Material Change of Circumstance provisions has passed and local authorities have set up local relief schemes.

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