In light of the ongoing Coronavirus pandemic, Swindon
businesses in the retail, leisure and hospitality industry may be eligible for
business rate relief from April.
Swindon Borough Council will be administering
the financial help to all qualifying companies following the package of support
announced by the Chancellor on Tuesday 17th March.
The Government also revealed it will make
£330bn in loans available via banks, with the Treasury as guarantor, for firms
of all sizes so they can keep paying employees’ wages, plus a further £20bn in
funding, including grants of up to £25,000 for small firms.
The latest measures are in addition to a
previously announced range of support including business interruption loans,
statutory sick pay relief, time to pay arrangements, business rate retail
discounts and cash grants.
Details on when the funding will be available
are still being finalised, but the Council and its business support partners
are working with Government departments to ensure that businesses have accurate
information and the most efficient methods of accessing any support for which
they are eligible.
The Council’s Business and Economy Team is also
liaising with the Department for Business, Energy and Industrial Strategy
(BEIS), Swindon and Wiltshire Local Enterprise Partnership (SWLEP), the
Federation of Small Businesses (FSB) and the local Chamber of Commerce to
provide up-to-date information and advice for Swindon businesses.
Councillor David Renard, Leader of Swindon
Borough Council, said, “This is a challenging time for many people, not just in
terms of the impact of the virus on people’s health, but also their
“I would like to reassure everyone in Swindon
that we are doing everything we can to support people to be safe. Our officers
are also working incredibly hard with our local partners and government
departments to ensure local businesses, who are going through a very difficult
time at present, have the support they need.
“The Chancellor’s package of measures provides
significant support for local businesses and I am delighted we will be able to
facilitate the 12-month business rate relief to those eligible businesses in
the retail, leisure and hospitality industry from next month.
“We will be making the case to Government to
make the other support available to companies as quickly as possible.”
Information on the support available to Swindon companies will be published on the Council’s website and social media channels as soon as it is available. Business can also sign up to SWLEP’s Growth Hub for the latest advice and information.