Additional financial support for flooding victims

The government has pledged thousands of pounds in additional financial support for victims of the recent floods.

The government has pledged thousands of pounds in additional financial support for victims of the recent floods.

The Government has announced that businesses in England affected by the floods will be eligible for 100% business rates relief for at least three months. It also stated that small and medium-sized enterprises (SMEs) that have experienced severe, uninsurable losses will be able to claim up to £2,500 from the Business Recovery Grant.

The government also announced that businesses affected by flooding will be able to apply for up to £5,000 to help make them more resilient to future flooding.

Commenting on the funding, Robert Jenrick, Secretary of State for Housing, Communities and Local Government, said:

'Storm Dennis and Ciara have severely impacted a large number of households and businesses, and I recognise how destabilising this can be.

'This extra support, including new funding, will help people in the worst hit areas to recover and get back on their feet as soon as possible.'

The announcement only applies to businesses in England. Flooding is a devolved issue for Wales, Scotland and Northern Ireland.

Internet link: GOV.UK news

Have we convinced you yet?

Please feel free to get in touch via phone email or our quick contact form.

We offer initial free consultations simply contact us to find out more.

Copyright

© 2020 Higson & Co. All rights reserved.

powered by totalSOLUTION

We use cookies on this website, you can find more information about cookies here.

Contact Us

Please call:
0115 947 5662

Quick links

Site map | Accessibility | Disclaimer | Privacy | Help |

Address
Higson & Co, White House, Wollaton Street, Nottingham, Nottinghamshire NG1 5GF

D V Bonnert FCA, W E Messom FCA, S C R Skill FCA, Mrs G J Strickland FCA, D R Wallwork BA FCA, Miss E C Davey FCCA

Registered to carry on audit work in the UK and regulated for a range of investment business activities by the Institute of Chartered Accountants in England and Wales. Details about our audit registration can be viewed at www.auditregister.org.uk under reference C005395100.

A member of the ICAEW Practice Assurance Scheme