This application is for businesses that were affected by the recent Storm Henk. The support being provided is a minimum of three month’s relief on your Business Rates. To qualify for this scheme, your business must have been adversely affected by Storm Henk. This will usually, but not always, mean that flood water entered the business premises.
In addition to this scheme, Broxtowe Borough Council are also administering a one off grant worth £2,500.00 for each business premises affected by Storm Henk.
Before continuing please read the below guidance regarding this scheme to ensure that your business is eligible.
1. The business must be a Small and Medium Sized Enterprise (SME) at the point of grant award – the criteria that must be satisfied for a business to be a SME are defined by the UK Government in the SME Action Plan as follows:
- have fewer than 250 employees; and
- have a turnover of less than €50m or a balance sheet total less than €43m
2. The business must have been trading at and/or from the property at the point that the property was impacted by Storm Babet. For the purposes of this grant scheme, a business is trading if it is engaged in business activity. This should be interpreted as carrying on a trade or profession or buying and selling goods or services to generate turnover. Fully constituted businesses in liquidation, dissolved, struck off or subject to a striking-off notice are not eligible under these conditions.
3. The business must have been either:
- Directly impacted by Storm Henk – for instance the business suffered flood damage to the property, or
- Indirectly impacted by Storm Henk – for instance access to the business premises is severely restricted as a result of flooding, including restricted access for customers, suppliers or staff.
4. The business must be able to receive the BRG payment in line with UK Subsidy Control rules.