Derby’s Cathedral Quarter and St Peters Quarter Business Improvement Districts (BIDs) have joined a national campaign calling on the Government to help more businesses in the retail, hospitality and leisure sectors survive the lockdown and secure local jobs.
The national #RaiseTheBar campaign has been backed by industry representation bodies and BIDs across the UK in asking the Government to raise the rateable value threshold for grant assistance from £51,000 to £150,000 for all retail, hospitality and leisure businesses.
At present, the Government has established two grants specifically for small businesses and those operating in the retail, leisure and hospitality sectors.
They are worth £10,000 to companies operating from premises with a rateable value of up to £15,000 and a second grant of £25,000 is available for those based in premises with a rateable value of up to £51,000.
The BID boards have written to local MPs asking for their support in the #RaiseThe Bar campaign.
Derby City Council has already announced a £47m relief package for businesses, in line with the Government’s support scheme. There are other sources of support which are detailed on DCC’s Advice for Businesses page.
For more information and to support the campaign, please visit www.raisethebarcampaign.co.uk