Business Rates

2021 Budget Annoucements

Business Rates Expanded Retail Discount

On 3 March 2021 the government confirmed that the Expanded Retail Discount would continue to apply in 2021/22 at 100% for three months, from 1 April 2021 to 30 June 2021, and at 66% for the remaining period, from 1 July 2021 to 31 March 2022.

The government confirmed that there would be no cash cap on the relief received for the period from 1 April 2021 to 30 June 2021.

From 1 July 2021, relief will be capped at £105,000 per business, or £2 million per business where the business is in occupation of a property that was required, or would have been required, to close, based on the law and guidance applicable on 5 January 2021.

Hereditaments that meet the eligibility for Expanded Retail Discount will be occupied hereditaments which meet all of the following conditions for the chargeable day:

  1. They are wholly or mainly being used:

a). as shops, restaurants, cafes, drinking establishments, cinemas and live music venues,

b). for assembly and leisure; or

c). as hotels, guest and boarding premises and self-catering accommodation.

Full details about the Expanded Retail Discount scheme are available here


Business Rates Nursery Discount

At the Budget on 3 March 2021, the Chancellor announced that the Nursery Discount would continue to apply at 100% for eligible properties for the first three months of 2021 from 1 April 2021 to 30 June 2021. Subsequently, from 1 July 2021 to 31 March 2022, the Nursery Discount will apply at 66%.

From 1 July 2021, the relief will be capped at £105,000 per business.

Properties that will benefit from the relief will be hereditaments which are occupied by providers on OFSTED’s Early Years Register and which are wholly or mainly used for the provision of the Early Years Foundation Stage.

Full details about the Nursery Discount scheme are available here

Restart Grants

The government will provide ‘Restart Grants’ in England of up to £6,000 per premises for non-essential retail businesses and up to £18,000 per premises for hospitality, accommodation, leisure, personal care and gym businesses, giving them the cash certainty they need to plan ahead and safely relaunch trading over the coming months. The government is also providing all local authorities in England with an additional £425 million of discretionary business grant funding, on top of the £1.6 billion already allocated. Altogether, this support will cost £5 billion. This brings the total cost of cash grants provided by the government to £25 billion.

The Council will administer the Restart Grant scheme in accordance with Government guidance, which may include businesses having to complete an on-line application form.