Laura Sharman 29 April 2020

London boroughs call for urgent increase to rateable value threshold

London Councils has called for the rateable value threshold to be increased to help more businesses survive the coronavirus pandemic.

It is concerned that many small businesses are excluded from eligibility because of the rateable value of their premises.

London Councils wants the threshold to be increased to at least £100,000 for businesses accessing the Retail, Hospitality and Leisure Grant (RHLG).

London boroughs have delivered an additional £215m in support to London’s small businesses in the past week. However, the current £51,000 limit excludes 24% of businesses in London in comparison to 9% of those outside the capital.

Cllr Clare Coghill, London Councils’ executive member for business, europe, and good growth, said: 'We welcome the huge amount the government has done to date to support businesses and the self-employed but a significant number of London’s well-known and much-loved small businesses are currently ineligible for grants because of the criteria set by the government, which is why we’re calling for an urgent increase to the rateable value threshold.

'Keeping the London economy viable through this challenging period is essential not only for the well-being of Londoners, but also to maintain London’s role as the major net contributor to the UK’s public finances.'

SIGN UP
For your free daily news bulletin
Highways jobs

Residential Assistant

Essex County Council
£25081.00 - £25395.00 per annum
Residential AssistantPermanent, Full Time£25,081 up to £25,395 per annumLocation
Recuriter: Essex County Council

Senior Planning Officer

Durham County Council
Grade 11 £39,513 to £43,693 Grade 12 £42,708 to £46,731 per annum (Pay Award Pending)
Durham County Council is looking for experienced and knowledgeable Senior Planning Officers to join our vibrant Development Management team. Our team Durham
Recuriter: Durham County Council

Head of Service – Social Care

Wrexham County Borough Council
G15 £63,148 - £67,058 per annum
There is an exciting opportunity within Children Social Care to join the senior management team Wrexham (Wrecsam)
Recuriter: Wrexham County Borough Council

Head of Service Social Work & Specialist Support

Blackburn with Darwen Borough Council
Grade M scp 60 £72,118 - scp 64 £77,293
There couldn’t be a more exciting time to join us. Blackburn, Lancashire
Recuriter: Blackburn with Darwen Borough Council

Cafe Assistant - Weald Country Park

Essex County Council
Up to £13.3000 per hour
Café Assistant (Weald Country Park)Contract
Recuriter: Essex County Council
Linkedin Banner