This year the Government has provided an unprecedented business rates holiday for eligible retail, hospitality and leisure properties, and nurseries, due to the direct adverse effects of COVID-19, worth over £10 billion. In the 2020 Spending Review, the Government committed further support to businesses by freezing the business rates multiplier for 2021-22.
The Government recognises the important contribution that nurseries and childminders are making to the national response to COVID-19. In the Spending Review we announced that we’re providing £44 million next year to increase hourly rates paid to childcare providers. This is on top of the additional £66m increase confirmed in Spending Round 2019.
In order to ensure that any decisions best meet the evolving challenges presented by COVID-19, the government will outline plans for 2021-22 reliefs in early 2021.