Salons may benefit from business rates relief fund

Businesses in England forced to close due to COVID-19 restrictions, including those in the beauty and hair sectors, may benefit from additional new financial help from the government. 

A new Business Rates relief fund of £1.5 billion for businesses affected by COVID-19 outside the retail, hospitality, and leisure sectors has been announced. Money will be distributed across the country via local authorities according to which sectors have suffered most economically, rather than based on decreases in property values.

Commenting on the new Business Rates relief fund, Secretary of State at the Ministry for Housing, Communities and Local Government Robert Jenrick, said:

“Throughout the pandemic we have provided unprecedented support to businesses. Today we are going even further with an extra £1.5 billion for councils to provide additional targeted support to those businesses that have not already received rate relief. This is the fastest and fairest way of getting support to businesses who need it the most.

“We are also acting to ensure businesses have certainty over their bills and councils have certainty over their funding so they can continue to support their communities and deliver quality local services.”

Details of how businesses can apply for the Business Rates relief fund are yet to be announced.