Will the Minister make a statement on support for the self-employed impacted by coronavirus restrictions?
Answered by Minister for Economy | Answered on 06/01/2022
Local authorities will be delivering a non-domestic rates (NDR)-linked grant to non-essential retail, hospitality, leisure and tourism businesses (NERHLT). This element of the support package applies to business which pay business rates, including to the self-employed.
Eligible businesses in the impacted sectors can access grants on the terms set out below:
- NERHLT businesses in receipt of small business rate relief and with a rateable value of £12,000 or less will be eligible for a £2,000
- 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.
In addition, local authorities will be delivering a discretionary fund. Sole traders, freelancers and taxi drivers will be able to apply for £500 and businesses which employ people but do not pay business rates will be able to apply for £2,000.