UHY Ross Brooke Chartered Accountants

Support for flood damage available

financial relief for flooded businesses

Storm Henk caused widespread flooding and damage across England during the first few days of 2024, affecting households and businesses alike. Following this, the government has announced that financial support is available to eligible areas in England that have experienced exceptional localised flooding.

In these eligible areas, the following help will be made available to significantly affected and eligible businesses:

  • 100% business rates relief for at least 3 months;
  • Up to £2,500 from the Business Recovery Grant that can be applied for by small-to-medium sized businesses to help quickly return to business as usual;
  • £5,000 from the Property Flood Resilience Repair Grant Scheme to help business property owners make their business more resilient to future flooding; and
  • £25,000 through the Farming Recovery Fund towards repair and reinstatement costs for farmers suffering uninsurable damage to their land.

This help is available through a scheme called the Flood Recovery Framework. This framework is used to help support councils and communities in exceptional circumstances after severe flooding.

The support can be accessed through councils in the eligible areas. The councils will announce additional details on who is eligible and how to apply.

You can find out more here.

Do get in touch if you need business advice or accountancy services.

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