The Recovery Loan Scheme (RLS) will support long-term viable businesses that may need to respond to cash-flow pressures by seeking additional finance.

Let’s Do Business Finance will be delivering the temporary scheme in East Sussex on behalf of the British Business Bank or you can access it through your current business bank.

Loans of up to 2M (£150,000 through Let’s Do Business Finance) over a period of 6 years are available.

At the Budget on 27 October 2021 the Chancellor announced the introduction of a new business rates relief scheme for retail, hospitality and leisure properties worth almost £1.7 billion in 2022/23. This will support the businesses that make our high streets and town centres a success and help them to evolve and adapt to changing consumer demands. The 2022/23 Retail, Hospitality and Leisure Business Rates Relief Scheme will provide eligible, occupied, retail, hospitality and leisure properties with a 50% relief, up to a cash cap limit of £110,000 per business.

You’re eligible if your property is a:

• shop
• restaurant, café, bar or pub
• cinema or live music venue
• assembly or leisure property – for example, a sports club, a gym or a spa
• hospitality property – for example, a hotel, a guest house or self-catering accommodation

Any enquiries on eligibility for, or provision of, the reliefs should be directed to the relevant local authority.

If you have any questions about the program or if you think your business may struggle to make scheduled repayments, please contact us to discuss what measures are available to help.

The details of our business managers below:

Emily Wright – 07526 171255 – Email