New grants to support leisure businesses
Date of Article
Jan 20 2021
Sector
Farms, Land & Estates

Keep Informed

Sign up to our newsletter to receive further information and news tailored to you.

Sign up now
@
GET IN TOUCH
@ Stephen Richards
Stephen Richards
MRICS
Associate Partner
01823 230903 email me about Stephen
PREV:
NEXT:

Stephen Richards heads up the Carter Jonas leisure team, with over 20 years’ experience in the valuation and sale of holiday cottages, lodge parks, campsites, caravan parks and glamping businesses.

I can provide advice on:

The leisure industry in the UK – those businesses offering self-catering holiday accommodation, glamping, caravan sites and so on – has been one of the worst affected by the Covid-19 pandemic. Despite a strong summer season in 2020, many businesses are concerned about the immediate future, following the Prime Minister’s announcement that they are to stay closed until at least February half term.

We’ve been pleased to hear, therefore, that Chancellor Rishi Sunak announced earlier this month that there will be a further £4.6bn in grant funding available to help leisure businesses, alongside further business rates relief.

Stephen Richards, head of Carter Jonas rural leisure, comments: “January is usually the busiest time of the year for people booking holidays but, sadly this latest lockdown seems to have prompted people to hold off from making holiday plans.

“These grants are a worthwhile lifeline and will pay for some of the ongoing fixed costs of the businesses to help survive the winter months.”

 

What grants are available for leisure businesses?

The latest round of funding available for leisure operators consist of one-off grants for closed business of up to £9,000 per businesses, with the amount available dependant on the business’ rateable value. The table below shows the amount available for each band.

 

£

Rateable Value

£1,000

£15,000 or under

£6,000

15,000 - £51,000

£9,000

> £51,000

In addition, the government has provided leisure businesses with one-off grants worth up to £3,000 for closed businesses and up to £2,100 pcm for impacted businesses once they re-open.

What business rate relief is available for leisure business?

In addition to the one-off grants, the government has announced that they will provide 100% business relief for leisure businesses.

Call to action: For more information, contact head of rural leisure at Carter Jonas, Stephen Richards, on 01823 428 858, or by email on leisure@carterjonas.co.uk.

Search our available leisure property here.