Derbyshire & Cheshire Cricket League

 
 

Financial Help for Cricket Clubs

28 Mar 2020
 
 

Please find below some information that has been provided to us in regards to cricket clubs and the various measures in place to help financially.

 

Business Rates

 

HMRC will introduce a business rates holiday for retail, hospitality and leisure businesses in England

for the 2020/2021 tax year. No action is required and this will apply to your next council tax bill in April

2020 meaning that there would be no rates payable for those businesses for 2020/2021.

 

 

Cash Grants

 

The retail, hospitality and leisure sectors in England can also apply for a cash grant of up to £25,000

per property. For rateable values of under £15,000, they will receive £10,000. Between £15,001 and

£51,000, they will receive a grant of £25,000. No action is required as local authorities will write to

eligible businesses. Smaller businesses within the Small Business Rate Relief or Rural Rate Relief will

of £10,000.

 

Business Interruption Loan Scheme - (Updated 23/03/2020 12.32pm)

 

The British Business Bank will launch a scheme from the week commencing 23 March 2020 to

support businesses with a turnover of no more than £45 million per year. The government will provide

lenders with a guarantee of 80% on each loan. This applies for loans of up to £5m in value and for up

to 6 years. No interest will be charged for the first 12 months.

The scheme is now open for applications as from Monday 23 March. To apply, you should talk to your

bank or one of the 40 accredited finance providers (not the British Business Bank) as soon as

possible, to discuss your business plan.

The major high street banks are on this list of 40 providers. Gov.uk states that more information can be

found on their websites.

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