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BuDGet 2020
Business rates cut for small leisure firms
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be abolished for one year
pledge would be extended
for firms in the leisure and
to 100 per cent in order
sport sectors with a rateable
to help the businesses
value below £51,000.
weather the effects of the
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LAD
This means that thousands
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coronavirus pandemic. He then added: "Gyms
of small firms – from gyms to sports clubs – will not
and sports clubs wouldn't
pay any business rates
have originally benefitted
in the coming year.
from the rate discount –
The announcement was
HCM
made by chancellor Rishi
but they could be some of the hardest-hit. "So, for this year, I
Sunak, who delivered his first budget in the House of
have decided to extend
Commons on 11 March.
the 100 per cent retail
The measure is an expansion
■■Sports clubs will be among the businesses to benefit from the cut
discount to them as well. CLAD
"That means any eligible
of a pledge, made in the 2019 Conservative manifesto, which
retail, leisure or hospitality
outlined plans to increase
business with a rateable value
business rates discounts for
below £51,000 will, over the
cinemas and restaurants (with
next financial year, pay no
so so
lo
Sunak said the 60 per cent
Business rates in England will
a rateable value of less than
business rates whatsoever."
£51,0000) to 60 per cent.
More: http://lei.sr/6w2u9_P Read moRe online
Any eligible business with a rateable value below £51,000 will pay no business rates Rishi Sunak
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leisure opportunities leisure Grassroots FunDinG opportunities
Sport England begins period of LM'significant flexibility' Sport England has initiated a threemonth period of "significant flexibility"
Previously-agreed KPIs, targets and conditions within the funding agreements signed off may no longer be relevant, appropriate or proportionate given the drastically changed circumstances Sport England
8
as part of plans to offer targeted support to organisations struggling with the effects of COVID-19 (coronavirus). As well as helping funded organisations,
■Sport ■ England will now focus on getting people active
the grassroots body said it would do "everything it can" to encourage people to
proportionate" given the drastically
stay active, wherever possible, as keeping
changed circumstances.
fit is now "more important than ever". In a statement, Sport England said
Instead, it is switching its focus supporting the sector and
that previously-agreed KPIs, targets
encouraging people to stay active,
and conditions within the funding
not on asking organisations to report
agreements it had signed off "may
on previously agreed conditions.
no longer be relevant, appropriate or
More: http://lei.sr/k6X5h_P Read moRe online
www.sportsmanagement.co.uk
© CYBERTREK 2020 APRIL 2020
