|
answer text |
<p>The Department for Communities and Local Government has not undertaken an assessment
of the revaluation on the financial sustainability of non-maintained childcare and
early-education providers. However, rateable values of nursery premises are taken
into account in the amount of early years funding provided to local authorities for
them to distribute to providers.</p><p>At the Budget, the Government announced a £435
million package of support to help those businesses most in need of support following
the revaluation. It included £110 million to support rate-payers losing small business
rates relief and rural rate relief as a result of the 2017 revaluation, as well as
a £300 million discretionary relief fund for local authorities to help local businesses.
Additionally, if a non-maintained childcare and early-education provider is also a
registered charity for business rates purposes it may also qualify for relief.</p>
|
|