Business Rates - Retail Rate Relief

Retail Relief

Retail Rate Relief was introduced by the government in 2019/20 for occupied retail properties. The relief was expanded to include the leisure and hospitality sectors on 2020/21.

The amount of relief available for each financial year is details below:

The government has issued guidance on the operation of the scheme which can be found at: Business Rates Relief: 2023/24 Retail, Hospitality and Leisure Scheme - GOV.UK (www.gov.uk)

This relief is subject to cash caps and Minimal Financial Assistance limits under the Subsidy Control Act. This means no recipient can receive over £315,000 over a  three year period (consisting of the current financial year and the two previous financial years).

Further details of the cash cap and subsidy control can be found at: https://www.gov.uk/government/publications/business-rates-relief-202324-retail-hospitality-and-leisure-scheme-local-authority-guidance.

This relief will be delivered through local authority discretionary local discounts. 

Retail Rate Relief application