How the government hospitality grants and rates relief can help you – Bar & Kitchen

How the government hospitality grants and rates relief can help you

Have you taken advantage of financial support from the government? Business rates grants and relief are just some of the ways the hospitality sector is being helped. Daniel Johnstone, real estate expert at Colliers International, explains where to start.

You might not have to pay rates for a full year

The Expanded Retail Discount scheme provides 100% business rates relief for 2020/21 to retail, hospitality and leisure properties which would usually be accessible to the general public.

There are two levels of grant available

Note that the rules are different in Scotland and Wales. If you qualify for the Expanded Retail Discount scheme in England, you will also get a grant of £10,000 if the rateable value of your premises is £15,000 or less. Or, you could receive a grant of £25,000 where the rateable value is more than £15,001 but is less than £51,000.

Note that the rules are different in Scotland and Wales. Check if you’re eligible for the grant.

Is your rateable value too high?

It’s based on the hypothetical rental value of your property on 1 April 2015. The best evidence could be your, or your neighbours’, rent. It is important to research thoroughly before appealing as your Rateable Value could increase if you’re wrong. I strongly recommend you seek professional advice.

Real estate companies can help you

Professional advice will be useful if you want to appeal. Real estate companies would inspect your property to ensure your Rateable Value is correct. They could help lodge a range of appeals against your Rateable Value to reflect an incorrect Rateable Value.

Read the right documents

For the most up-to-date information, go to the government website.

No win, no fee offer

Colliers International is retained by Unitas Wholesale to provide specialist business rates advice. You can contact Daniel by email or phone: daniel.johnstone@colliers.com / 0117 917 2059.

Daniel Johnstone
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