Retail Hospitality and Leisure Relief 2024
What is the subsidy allowance for this scheme?
We can provide relief that falls within the Minimal Financial Assistance thresholds.
The Subsidy Control Act allows an economic actor (e.g. a holding company and its subsidiaries) to receive up to £315,000 in a three-year period (consisting of the 2023/24 year and the two previous financial years).
BEIS business grants (throughout the 3 years) and any other subsidies claimed under the Small Amounts of Financial Assistance limit of the Trade and Cooperation Agreement should be counted.
The £110,000 cash cap might be limited by the Minimal Financial Assistance threshold. This restricts the amount of relief in any three-year period to £315,000. If you have received £110,000 in each of the past 2 years, your remaining allowance (or cash cap) for 2024/25 will reduce to £95,000.