Covid-19 Additional Relief Fund (CARF)
The government has provided a fixed amount of funding to us to support businesses affected by the pandemic, but who haven’t been eligible for any assistance from other Covid-19 relief schemes. The funding will help eligible businesses with their 2021-22 business rates bill.
Find out more about the Covid-19 Additional Relief Fund
Autumn Budget 2021
The Chancellor announced the following measures to support businesses in his Budget on 27 October 2021:
- the business rates discount for businesses in the retail, hospitality and leisure sectors will be extended into 2022/23. The discount will reduce to 50% from 1 April 2022 to 31 March 2023 and be capped at a maximum of £110,000 per business (across all eligible business premises)
- the business rates multipliers will be frozen for another year at 49.9p (small business multiplier) and 51.2p (standard multiplier)
- the existing transitional rate relief and supporting small business schemes will be extended for 2022/23
- revaluations will take place more frequently. Rather than every 5 years, they will be every 3 years from April 2023
- ‘Green Energy Relief’ for businesses investing in green energy
- ‘Business Improvement Relief’ allowing businesses making improvements to their property to not see their business rates rise for 12 months.
Other help for businesses
- Business rate relief and discounts
- Information about other help for businesses is available on the GOV.UK website