Retailers in England affected by flooding following the recent storms will be eligible for 100% business rates relief for at least three months, under a package of support announced by the government.
Businesses will receive funding from their local councils under the Flood Recovery Framework, which was triggered by local government secretary Robert Jenrick MP in the wake of Storms Dennis and Ciara.
In addition to claiming rate relief, small-to-medium sized businesses in affected areas which have suffered severe, uninsurable losses will be eligible for up to £2,500 from the Business Recovery Grant.
Flood-hit businesses can also apply for up to £5,000 to help make them more resilient to future flooding.
Jenrick said: “Storms Dennis and Ciara have severely impacted a large number of households and businesses – and I recognise how destabilising this can be.
“This extra support, including new funding, will help people in the worst-hit areas to recover and get back on their feet as soon as possible.”
Business secretary Alok Sharma added: “We are determined to help businesses impacted by Storms Ciara and Dennis.
“Today’s funding will offer vital support to small companies to get up and running, while also helping ensure greater protection against future flooding events.”
This announcement only applies to England.