Local Authorities will be delivering a Non Domestic Rates (NDR) linked grant fund to non-essential retail, hospitality, leisure and tourism businesses (NERHLT). There will not be an application process for this element however in order to receive payment businesses will be required to register with their local authority to confirm their details.
NDR linked grants will then be paid directly to rate payers as follows:
- NERHLT businesses in receipt of Small Business Rate Relief (SBRR) and with a rateable value of £12,000 or less will be eligible for a £2,000 payment.
- NERHLT businesses with a rateable value of between £12,001 and £51,000 will be eligible for a £4,000 payment if impacted by the restrictions.
- NERHLT businesses with a rateable value of between £51,001 and £500,000 will be eligible for a £6,000 payment if impacted by the restrictions.
The registration process for the NDR linked grants will open on 13 January 2022.
Local Authority websites can be found by using the following link Non Domestic Rates Linked Grant 2022 | Business Wales (gov.wales), please check their pages regularly for updates.
Local Authorities will also be delivering an Emergency Business Fund via a short application process with sole traders, freelancers and taxi drivers able to apply for £1,000 and businesses that employee people but do not pay business rates will be able to apply for £2,000. This funding is also available to freelancers in the creative sectors.
Applications will open week commencing 17 January 2022 (this date may vary across Local Authorities). Please check your Local Authority website for updates and more details.