Friday, 23 April 2021

Coronavirus: Large NAV Business Grant

The Large NAV Business Grant provides financial support to businesses that occupied commercial premises with an NAV (Net Annual Value) over £51,000 at 1 March 2021 that were awarded the 12-month rates holiday for 2020-21, subject to some exclusions

Businesses which were eligible for the 12-month rates holiday include retail, hospitality, tourism, leisure, manufacturing, and childcare businesses, and newspaper producers.

The scheme is designed to support the business which is the main occupier of a property, not the landlord or managing agent or any businesses/self-employed parties who rent part of the property from the main occupying business. Occupying businesses who consider themselves eligible for support from this scheme can apply even if they are not the named ratepayer on the business rate bill for the property.

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Ardean ¦ Business Funding

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