Budget Response – Restart Grants and Business Rates Holiday Extension Welcomed

The Charity Retail Association has welcomed measures in Budget 2021 that will support the retail sector’s recovery but has expressed concern at the lack of support for the wider charity sector and the lack of clarity on access to the new Restart Grants for larger charity retailers.

Robin Osterley, Chief Executive of the Charity Retail Association said:

“The boost for retail in today’s Budget will help support the financial recovery of charity shops and their ability to raise much-needed funds for charities. The introduction of Restart Grants and an extension of the business rates holiday for retail are vital foundation stones that will help charity retailers bounce back from the dramatic setbacks of the past year.”

“The Restart Grants will provide welcome support to many charity retailers, but it is a major disappointment that it is still not yet clear whether and when the UK Government will reconsider the continued application of old EU state aid caps which mean that larger retailers will not be eligible for the Restart Grants”

“Whilst there is much in the Budget to be welcomed from a retail perspective, it is disappointing that the Government are yet to introduce a renewed emergency funding package for charities who are struggling with an increase in demand for their services at the same time as they have lost income due to lockdown restrictions.”