The Government made funding support available to businesses in Charnwood which were significantly impacted by flooding due to Storm Henk between January 2 and January 12, 2024. 

The deadline for applications was Thursday March 21, 2024 and applications are now closed.

Please note: All applicants must ensure all relevant documents are uploaded at the time of application. Any missing information could mean a delay in the assessment of the grant and in turn could mean it will be unable to be processed to meet the payment deadline as imposed by Central Government.

Business Recovery Grant

Small-to-medium sized businesses in affected areas could receive up to £2,500 from the Business Recovery Grant for flood damage to property, equipment, stock or trade loss because customers or suppliers could not reach them.

To be eligible for the Business Recovery Grant the business must have:

  • Been a small-to-medium sized business:
    • Have fewer than 250 employees; and
    • Have a turnover of less than 50m euros or a balance sheet total less than 43m euros
  • Been directly impacted by the relevant weather event – for instance flood damage to the property, equipment, and/or stock; or the business could not function due to a lack of access to premises, equipment and/or stock as a result of the recent weather events, and the flooding seriously impacted the businesses’ ability to trade from the property.
  • Empty properties, storage sheds and warehouses are not eligible, unless the business was actively trading from them at the time of the flooding.
  • Had appropriate flood insurance cover in place or have actively made attempts to insure the business premises against flood damage on at least one occasion since January 1 2023.
  • Direct impact from Storm Babet: If a business experienced direct impact, such as flood damage to the property, and received a grant under Storm Babet and reinstated the premises, it is eligible to apply for funding related to Storm Henk.  However, eligibility for Storm Henk funding is contingent upon the premises being directly impacted, specifically with flood damage to the property.
  • Indirect Impact from Storm Babet: For businesses that were indirectly affected by Storm Babet and received a grant, they are eligible to apply for Storm Henk funding only if they have subsequently experienced direct impact with flood damage to the property.

Business Rate Relief

Businesses significantly impacted by flooding due to Storm Henk, and unable to open their business because it was flooded, may qualify for 100% business rates relief for at least three months.

  • 100% rate relief for a minimum of 3 months.
  • This is subject to the UK subsidy control regime, and is only available to properties with a rateable value of less than £10 million

Last updated: Fri 22nd March, 2024 @ 08:37