This relief will be given via the business rates system for this financial year 21/22 and will amount to approximately 23% of the rateable value of your premises.
Eligible businesses:
Office based premises across various sectors of the economy, manufacturing-based premises which may operate within the supply chain of retail, hospitality and leisure but are themselves excluded from the Expanded Retail Discount business rates relief scheme (which was given to the retail, hospitality & leisure sector). None of the hereditaments within the scope of the fund have been eligible for Coronavirus-related business rates support (whether or not this has been accepted by the ratepayer).
Ineligible businesses:
- Retail, hospitality and leisure premises and nurseries
- businesses with a nil business rates bill or hereditaments that have not been occupied continuously during this financial year since 1 April 2021 are excluded
- public bodies, churches and other businesses which were not deemed to have been adversely affected by the pandemic or which are not occupied in-person (such as advertising rights, ATMs, car parking spaces, solicitors etc.)
How it is administered:
Businesses will be written to individually asking them to opt out of the relief if they have not been negatively impacted by the pandemic or have breached subsidy allowance rules. Following the bulk upload, all those businesses that are in credit due to payments made on their accounts will be refunded.
If you believe your business is eligible and Lambeth do not write to you or refund you by end of April 22, please get in touch info@stationtostation.london
