Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what financial support the Government is providing to businesses that operate from premises with a rateable value of exactly £15,000.

Businesses which occupy premises with a rateable value of exactly £15,000 can receive a grant of £10,000 from the Retail, Hospitality and Leisure Grant Fund if the premises are used for Retail, Hospitality or Leisure purposes.

Businesses in all sectors which occupy premises with a rateable value of exactly £15,000 may also be eligible for a grant from the Small Business Grant Fund. The Small Business Grant Fund provides businesses with a £10,000 cash grant per property, for each property eligible for Small Business Rates Relief or Rural Rates Relief. Properties with a rateable value of £12,001 up to and including £15,000 are eligible for a tapered form of SBRR. The relief tapers to 0% at exactly £15,000. This means that in theory, a property with a rateable value of exactly £15,000 could be eligible for a £10,000 grant from the SBGF.

Businesses which occupy premises with a rateable value of exactly £15,000 may also be able to benefit from measures in the Government’s unprecedented package of support for business, including:

• A twelve-month business rates holiday for all properties used for retail, hospitality or leisure purposes;
• An option to defer VAT payments by up to twelve months;
• The Bounce Back Loan scheme, which will ensure that small and micro businesses can quickly access loans of up to £50,000 which are 100% guaranteed by the Government;
• The Coronavirus Business Interruption Loan Scheme, now extended to cover all businesses including those which would be able to access commercial credit;
• The Coronavirus Job Retention Scheme, to support businesses with their wage bills;
• The Self-Employment Income Support Scheme, to provide support to the self-employed.