Coronavirus and businesses
The government is likely to make frequent announcements about support for businesses, including business rates relief, grants and government-backed bridging loans. We will continue to add details to this page as we receive them.
Business rates discounts and grant funding
The Government has pledged to provide £20 billion of business rates support and grant funding to help the most-affected firms manage their cash flow through this period. The measures include:
- 100% business rates holiday for 12 months for all retail, hospitality and leisure busifnesses
- £25,000 grants to retail, hospitality and leisure businesses with a rateable value from £15,001 and up to £50,999
- businesses eligible for Small Business Rate Relief (SBRR) will receive a one-off £10,000 cash payment
- £5,000 business rates discount for public houses (increased from £1,000) Any business that currently receives retail relief will automatically receive an amended bill showing the adjustment.
We will also be granting to those that are classed as hospitality and leisure and this will show in the amended bill we will send you shortly.
If the relief has not been awarded before your first payment is due, we intend to cancel this payment so that it is not taken from your bank. If however you fall into this category and payment is taken, please contact the business rates team immediately and we will arrange to refund this amount to you.
If you do not receive confirmation of this and you feel that you fall in the retail category, please contact us immediately to discuss further or email us. Contact details are email@example.com or on 01279 655261 Ext 7223 At present we are waiting information from the Government regarding the issue of grants and we will provide an update once we have more information.
If you are a business and think you are eligible for business rate grants or reliefs please complete our Covid19 online form.
Does my business need to close?
The Secretary of State has made the new Health Protection (Coronavirus, Business Closure) (England) Regulations 2020 under an emergency procedure to protect the public. These regulations now require large numbers of Hertfordshire businesses to close, and others to significantly modify their operations to remain trading.
We have some guidance on Coronavirus and which businesses needs to close. You can also report businesses which you believe should be closed.
Diversifying your business
If you are diversifying your business activity during this time, for example; operating a new food delivery service, selling online for the first time or perhaps manufacturing new products, advice is available on the Hertfordshire Local Enterprise Partnership website.
Scams and Cyber Security
Herts Growth Hub are currently offering a limited number of free cyber consultations for SMEs. For more information please visit the Herts Growth Hub website.F
More information and advice
We have also pulled together the following helpful links:
- Support for retail, hospitality and leisure businesses that pay business rates
- Hertfordshire Local Enterprise Partnership website
- Preparing and responding to coronavirus
- What help will there be and where can I find it?
- Government support for businesses
See the latest government advice about COVID-19 support for businesses.