Businesses in the retail, hospitality and leisure sectors with rateable values between £15,000 and £51,000 will receive a cash grant of up to £25,000. In other words, you will not pay any business rates in 2020-21 and you will be eligible for a grant of up to £25,000.
All businesses in receipt of small business rates relief regardless of the sector will be eligible for a cash payment of £10,000.
The Department for Business, Energy and Industrial Strategy (BEIS) will provide guidance for Local Authorities on how to administer these grants shortly.
If you are an eligible business, your Local Authority will then be in touch in the coming weeks to provide details of how to claim this money.