Rate relief scheme to help local businesses
A local discretionary rate relief scheme has been launched to help businesses following the recent revaluation.
The scheme aims to help businesses that have seen their business rates rise by more than 5% due to these changes, which came into effect on 1st April 2017.
Potentially qualifying businesses have already been approached to apply for the rate relief, which is funded by central government. However, other business owners, whose property’s rateable value is less than £200,000, occupied and are not used as a betting shop, sex shop or pawnbroker, may also be eligible to benefit from the relief.
Cllr Brandon Eldred, Cabinet member for finance, said: “We really value businesses that chose to make Northampton their base and introducing the discretionary rate relief scheme is one of the ways that we are hoping to help smaller, independent businesses thrive.
“We encourage any businesses that have not yet heard from the Borough Council, to get in touch and find out if they are eligible to apply.”
To find out more about business rates and the guidelines for relief visit northampton.gov.uk/businessrates or email [email protected]