March 31, 2020
Support for businesses in Peterborough – From tomorrow (Wednesday), businesses in Peterborough will begin receiving financial support from the city council, following a package of measures announced by Central Government last week to support businesses which have been affected by the Covid-19 outbreak.
12 month Business Rate Holiday – This applies to any retail, hospitality and leisure businesses and also non-local authority childcare providers. These businesses will have nothing to pay from tomorrow (Wednesday, 1 April) for 12 months. The collective saving for these city businesses is £33m and revised bills – with zero to pay – will be sent.
Small Business Grant Funding – All businesses in receipt of small business rate relief or rural rate relief (over 2,000 businesses in Peterborough) will automatically receive £10,000. The collective payment for Peterborough businesses is £22million. We are getting in touch with these businesses and will make the payments over the next two weeks.
Retail, Hospitality and Leisure Grant Funding – This affects almost 640 businesses in Peterborough who will each receive £25,000. The collective payment is £16million. We are getting in touch with these businesses and will make the payment over the next two weeks.
Businesses in Cambridgeshire – the Peterborough and Cambridgeshire Combined Authority (CPCA), working with the County Council and Peterborough City Council, wants to ensure businesses across Cambridgeshire are fully aware of the various financial support measures being made available by Government and that as many businesses as possible secure the support they are eligible to receive.
The CPCA have set-up an email address to receive and respond to general business queries – email@example.com. Further support and advice for businesses can be found on the websites for Cambridgeshire and Peterborough, and on the Opportunity Peterborough website.