Business: Finance

Department for Levelling Up, Housing and Communities written question – answered on 1st December 2021.

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Photo of Jeff Smith Jeff Smith Shadow Minister (Housing, Communities and Local Government)

To ask the Secretary of State for Levelling Up, Housing and Communities, with reference to the £1.5 billion fund announced in March 2021 to support businesses that were not able to benefit from business rates relief during the covid-19 outbreak, whether he plans to give local authorities information on the amounts that they are likely to receive for the purposes of assisting with their financial planning.

Photo of Jeff Smith Jeff Smith Shadow Minister (Housing, Communities and Local Government)

To ask the Secretary of State for Levelling Up, Housing and Communities, with reference to the £1.5 billion fund announced in March 2021 to support businesses that were not able to benefit from business rates relief during the covid-19 outbreak, when he plans to publish indicative criteria as to which businesses are eligible to receive assistance via that fund.

Photo of Kemi Badenoch Kemi Badenoch Minister for Equalities, Minister of State (Housing, Communities and Local Government), Minister of State (Foreign, Commonwealth and Development Office), Minister of State (Foreign, Commonwealth and Development Office) (jointly with Department for Levelling Up, Housing and Communities)

The £1.5 billion fund will be allocated to local authorities based on the stock of properties in the area whose sectors have been affected by COVID-19 and are ineligible for existing support linked to business rates

My Department will publish guidance to help local authorities set up their local schemes once the legislation relating to COVID-19 Material Change of Circumstances provisions has passed. This will include the eligibility criteria for the scheme and individual local authority allocations. Decisions on the award of relief will ultimately be for local authorities, having regard to the guidance.

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