Financial support for flood firms and homes

Portsmouth & Southsea railway station by Andy Cooper

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BUSINESSES suffering from the effects of flooding will get up to three months’ rate relief.

The future of Lotts General Store, in Hambledon, will be in doubt without emergency hardship grants that were also announced yesterday by the Prime Minister.

Owner Martin Clarke said; ‘We will certainly be applying for the grants and the relief.

‘It’s been five weeks now and our takings have been halved.

‘And I’ve heard the water may not go for another four weeks so will the business be viable?’

The grants will be administered by local authorities under a £10m Business Support Scheme.

Councils will be reimbursed by the government for the rate relief, which is 100 per cent for three months, no matter how long the firms have been flooded for.

Up to £4m of council tax relief will be available for people whose properties have flooded.

It means households in Titchfield, Finchdean and Hambledon – the worst affected areas – will be given a council tax rebate of up to three months.

From April 1, repair and renewal grants will provide financial support for households and businesses to pay for work that improves a home’s ability to withstand future flooding.

Grants of up to £5,000 will be paid to flooded homeowners and businesses, once a survey to identify appropriate resilience measures has been completed.