Supporting Small Business (SSB) Relief

Supporting Small Business (SSB) Relief

At Autumn Statement 2022 the Chancellor also announced that a new Supporting Small Business (SSB) relief scheme which will cap bill increases at £600 per year for any business losing eligibility for Small Business Rate Relief or Rural Rate Relief at the 2023 revaluation. The scheme also provides support for those previously eligible for the 2022/23 SSB scheme and facing large increases in 2023/24 but in those cases for one further year only. This relief applies to  the following financial years  2023/24, 2024/25 & 2025/26. Awards reduce over the years  so bills may increase.  The £600 is for 2023/24 only. 

You do not need to apply for this relief it will be applied automatically to qualifying accounts.

Link to  Government Guidance Business Rates Relief: 2023 Supporting Small Business Relief, local authority guidance - GOV.UK (www.gov.uk)

Subsidy  Control 

The 2023 SSBR is likely to amount to a subsidy. Therefore, any relief provided by Local Authorities under this scheme will need to comply with the UK’s domestic and international subsidy control obligations (See the BEIS guidance for public authorities which contains guidance and information for the new UK subsidy control regime, which will commence on 4 January 2023.

You’ll be issued a letter as there is a requirement to  declare your subsidy position