Business rates

Government Business Rates relief announcements

The Chancellor has announced a package of support for small businesses, and the main points are available here.

Our website will be the most up to date place for information on when and how the support will be delivered, so there is no need to telephone us, unless your business is likely to fold within seven days.

On Friday 1 May, the Government announced further funding and flexibility for local authorities to provide additional grants to some smaller businesses that are experiencing hardship as a result of the Coronavirus pandemic and have not benefitted from the support measures currently in place. The Government issued first draft guidance on Wednesday 13 May. We are in the process of reviewing the guidance and preparing a scheme. We will update this web page with the latest information on these additional grants and how they will be administered in the next few days.

For previously announced support packages, the Council remains committed to supporting businesses across the Borough at this difficult time and is implementing the Government's plans in full so businesses will receive the support which they are entitled to.

Our staff are working every day to identify those eligible for help, and we will contact you as soon as we can. We are currently assessing our existing data about 1,500 businesses in the Borough to pro-actively provide support.


1. Small Business Grant Fund (SBG)

Am I eligible?

  • Eligible recipients will receive one grant per hereditament.
  • Under the Small Business Grant Fund (SBGF) all businesses in England in receipt of Small Business Rates Relief (SBRR) and Rural Rates Relief (RRR) on the 11th March 2020 in the business rates system will be eligible.
  • Please note that you must be the liable name / organisation on the rates bill to receive the grant.

Exclusions

  • Businesses which are not ratepayers in the business rates system are not included in this scheme.
  • Hereditaments occupied for personal use. Examples of where there may be personal use include private stables and loose boxes, beach huts and moorings.
  • Hereditaments with a rateable value of over £15,000 are not eligible for this scheme.
  • Businesses that of 11th March were in liquidation or dissolved.

How much is the grant?

A one-off payment of £10,000.

2. Retail, Hospitality and Leisure Grant Fund (RHLG)

Am I eligible?

  • Eligible recipients will receive one grant per hereditament. Under the Retail, Hospitality and Leisure Grant (RHLG) businesses in England in receipt of the Expanded Retail Discount relief (which covers retail, hospitality and leisure) with a rateable value of less than £51,000 will be eligible, as of and including the 11th March were on the business rates register.
  • Properties that may benefit from the Expanded Retail Discount relief will be occupied by hereditaments that are wholly or partly 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.

  • Please note that you must be the liable name/organisation on the rates bill to receive the grant.

Exclusions

Businesses which are not ratepayers in the business rates system are not included in this scheme.

  • Hereditaments occupied for personal use. Examples of where there may be personal use include private stables and loose boxes and moorings.
  • Hereditaments with a rateable value of over £51,000 are not eligible for this scheme.
  • Businesses that of 11 March 2020 were in liquidation or dissolved.

How much is the grant?

  • Eligible businesses in the Retail, Hospitality and Leisure sector with a rateable value of up to £15,000 will receive a one off cash grant of £10,000.
  • Eligible businesses in the Retail, Hospitality and Leisure sector with a rateable value of over £15,000 and less than £51,000 will receive a grant of £25,000.

What is my rateable value?

Details of your rateable value can be found your most recent business rates bill.

What do I need to do?

If you are using a Windows PC please complete the Icon for pdf Small Business Grant Fund (SBG) and Retail, Hospitality and Leisure Grant (RHLG) [132.82KB] form and submit this to the Council. This can all be done within the form.

If you are using a Mac or a mobile device please print the form, scan it and send it to covid-grants@runnymede.gov.uk

Completing this form does not guarantee payment of a grant.

Why are we asking for this information?

  • In order to pay businesses the grants the Council needs to capture additional information that is not recorded for normal business rate purposes, such as bank account details; as businesses pay the Council, not the other way around.
  • The Government has stipulated what data should be captured by the Council in delivering these grants.
  • The details captured will help the Council more readily identify contacts should further grants and assistance be offered in future.

3. Expanded Retail Discount 2020/21

The government has announced it will provide 100% Business Rates Relief for the 2020/21 financial year for eligible occupied retail, hospitality and leisure properties.

All ratepayers who received retail discount in 2019/2020 will automatically receive the revised 100% discount. This is for the period 01 April 2020 to 31 March 2021. An amended bill will be issued in April.

We will identity any other accounts that meet the criteria, automatically update our records and issue amended bills in due course.

Your annual business rates are usually payable over 10 monthly instalments from 1 April to 1 January, but you can ask to pay over 12 months if you prefer. The easiest way to pay is by Direct Debit, but you can also pay online. If paying by Direct Debit you have the option to pay on either the 1st, 8th, 15th or 22nd of each month.
We publish monthly reports on business rates for Freedom of Information Act purposes.
The Valuation Office Agency (VOA) sets the rateable value of business premises by using property details such as rental information. We use the rateable value and the business rates multiplier (set by central government) to calculate your business rates bill.
The business rates multipliers for 2020/21 have been set at 51.2p for the standard non-domestic rating multiplier and 49.9p for the small business non-domestic rating multiplier.