Skip to main content

Council to distribute new £4.5-million to help businesses hit by Covid

11:17 am, Wednesday, 28th September 2022 - 2 months ago

Business and investment

North East Lincolnshire Council will distribute £4.5-million to eligible local businesses as part of the Government’s Covid-19 Additional Relief Fund.

The Government created the £1.5-billion fund to support businesses affected by the pandemic but not eligible for existing business rate support.

Cabinet members met on 8 September to discuss a report about the fund and how it will be distributed.

Now that it has been approved, North East Lincolnshire Council (NELC) will distribute the money in the form of business rate relief refunds for the tax year 2021/22.

The relief will be paid to businesses outside the retail, hospitality and leisure sectors (who have already benefited from other types of relief).

Guidance from the Government sets the criteria the Council must follow when allocating the fund.

Councils must:

  • Provide direct support to business ratepayers who have been adversely affected by the pandemic and have been unable to adequately adapt to the impact.
  • not award relief to ratepayers eligible for other certain reliefs
  • not award to unoccupied properties (unless temporarily closed due to Covid).

There is no need for businesses to apply for the funds. The Council will use data from the Office for National Statistics, the Valuation Office Agency and its own records to identify the businesses most affected by the pandemic and apply relief directly to their business rates accounts.

Councillor Stephen Harness, portfolio holder for Finance, Resources and Assets, said:

“This additional support is excellent news for businesses in our area who were hit by the pandemic but weren’t eligible for other types of business rate relief.

“We expect 770 businesses in North East Lincolnshire will benefit from the £4.5-million support package.

“More information will be made available to eligible businesses in the coming weeks.”

Next Article
A new view for Freshney Place
FAMILY leisure activities, a cinema and a new modern market with an overall entrance featuring open community space, green landscaping, cafes, and seating – that is what Grimsby’s new look town centre could look like. Artists’ impressions of how a transformed western end of Freshney Place, Victoria Street and the Bull Ring could be, show...
Previous Article
Let’s work together to smarten up Grimsby town centre
North East Lincolnshire Council is launching a new campaign to fix up rundown buildings in Grimsby town centre. The project aims to improve the street scene in the town centre as it is poised for a wide-ranging, multi-million-pound transformation. Focused on the busy area around the Victoria Street West pedestrian precinct and surrounding streets, the...

Share this article