Firms hit by Storm Babet could get £7,500 from government

The government has announced funding and business rates relief for businesses that have been impacted by Storm Babet

Businesses in England affected by Storm Babet could be eligible for thousands of pounds in government support.

The storm caused devastation across the midlands and parts of Scotland earlier in October.

If your business has been significantly impacted by recent flooding, you’ll be eligible for 100 per cent relief on business rates for at least three months.

Small and medium-sized businesses in affected areas will also be eligible for up to £2,500 from the Business Recovery Grant to ‘help them quickly return to business as usual.’ On top of that, flood-hit property owners can apply for up to £5,000 to make their business more resilient to future flooding through the Property Flood Resilience Repair Grant Scheme.

Speaking about the aid, environment secretary, Thérèse Coffey, said: “Our Property Flood Resilience Repair Grant Scheme will soon be open to help residents better protect their property in the future, giving some peace of mind as they rebuild and repair.” 

Some of the support will be given under the Flood Recovery Framework, which can be enacted quickly to supply help to communities affected by severe flooding.

My business has been hit by Storm Babet – how do I apply for funding?

Much like financial support during the Covid-19 pandemic, local councils will be supplying the funding. They’ll announce further details on eligibility and how to apply in due course so keep an eye on your local council’s website.

Andrew Goodacre, CEO of the British Independent Retailers Association (Bira), said: “We are glad to see the support measures being put in place so quickly for much-needed relief to small businesses grappling with the consequences of the destructive storm.

“Support needs to be made available quickly and the money allocated to affected businesses as a matter of urgency as retailers are now approaching what is traditionally the busiest time of the year,” he said.

Further reading

How to claim on business interruption insurance post-pandemic – Steven Skiba explains how Covid-19 shook up the world of business interruption insurance and what you need to know about making a claim

150 UK small business grants to apply for right now – UPDATED – In need of some funding for your small business? These grants should give you a boost, wherever you’re based in the UK

How to get a business grant from the council – Since Brexit, the number of business grants offered by local authorities – many of them funded by the European Union – have dried up. We list council business grants still available for your small business

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Anna Jordan

Anna is Senior Reporter, covering topics affecting SMEs such as grant funding, managing employees and the day-to-day running of a business.

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