INDUSTRYNEWS
THE FLOODS: FUNDING WILL HELP NOW
But what of the future?
The government’s package of new
measures to help homes, businesses and
farmers hit by the floods is welcome news
and will make a big difference to those
affected.
But what is also needed is a proactive,
long-term commitment to prevention and
protection.
The new measures:
“Repair and renew” grant for all affected
homeowners and businesses
The £5,000 grant will provide financial
support for households and businesses to pay
for repairs which improve a property’s ability
to withstand future flooding.
Business taxes
• all affected businesses will be able to apply to
their local authority to get business rate relief
for three months
• further detail will be announced shortly on
the application process and eligibility
• HMRC will also set up a new hotline for
those who have been affected by flooding
and who may have difficulties in meeting
their tax liabilities
• in all