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Business Support and Business Rates

Date updated: 12/21/2021
Business rates online

Business Rates Update  21 December 2021

 UK Government Support for Business

New Retail, Leisure and Hospitality Grant (up to £6000) and Additional Restrictions Grant

The government has announced the further grant support for businesses this afternoon

Please see the following link: £1 billion in support for businesses most impacted by Omicron across the UK - GOV.UK (www.gov.uk)

Once Central Government releases the official guidance for awarding the grants, the guidance and details of how the grants will be administered will be published on this page. In the interim we will not be able to respond to any queries relating to this matter

COVID-19 Additional Relief Fund (CARF)

The guidance for the above relief has been released by Central Government. Please see the following link: COVID-19 Additional Relief Fund (CARF): local authority guidance - GOV.UK (www.gov.uk)

The City of London is currently considering how to distribute the funding that it has received for the new Covid-19 Additional Relief Grant (CARF). When the scheme is launched full details of how the scheme will operate and who will qualify will be published on this web page. In the interim we will not be able to respond to any enquiries relating to this matter.

More information about Central government support for businesses is available at [GOV.UK – Support for Business]

Business Rates

Under the business rates retention arrangements, introduced from 1 April 2013, local authorities keep a proportion of business rates raised.

However, due to the amount of rates collected by the City of London Corporation, it pays a tariff to central Government to be redistributed to local government. As a result, the amount retained is quite small compared with the amount collected.

The City Corporation share of rate income and the income from its council tax payers is used to pay for the services provided by us and other local authorities in your area.

Because of its special circumstances - notably its very small resident population and high daytime population - the City Corporation can set its own rate and retain part of the proceeds to help pay for the services it provides. The City Corporation keeps the sum resulting from the premium which has been levied, following consultation, to further enhance the Police Service, security, resilience and contingency planning in the City.

For further information, please use the links on the left to navigate around and, if you are unable to find the information you require, refer to the contacts page.​​

If you have a business rate account with the City Corporation you can register to view your account details online. For further information about this self service facility please see our business rates online​ page.