10,000 pound one-off grants are available to Northern Ireland businesses eligible for the small business rate relief scheme and businesses with a total net value of 15,000 pounds and below who currently benefit from industrial derating.
There are some exclusions applicable to the scheme, including:
- SBRR is automatically applied to business properties with a Total Net Annual Value below £15,000, though some exclusions to SBRR apply.
- Vacant properties are not eligible for this grant
- MP and MLA Constituency offices are not eligible for this grant
- Businesses with 3 or less premises will only be eligible for one grant of £10,000 in total
- Businesses with more than 3 properties are not eligible for the SBRR scheme, and therefore are not eligible for the grant
- For rental properties, the scheme is being designed to benefit the small businesses and not the landlord who is responsible for paying the rates. For this reason, no grant payments are being automatically issued to landlords of properties with a Total Net Annual Value of £1,590 or less.
The closing date for scheme registrations was at 23:59 on Wednesday 20 May 2020.