District Council extends business rate relief scheme to include more small businesses
Central government has allocated just under £300,000 to the council over four years to offset the impact of the revaluation on small businesses.
The council initially used this to ensure businesses in the district with a Rateable Value (RV) below £100,000 would not face an increase in their 2017 businesses rates of more than £600.
It has now extended its scheme to offer further support to smaller businesses (with an RV under £51,000) that have had an increase of 50% or more in their rateable value, with a resulting increase in their bills.
The Council has identified 61 small businesses within South Holland that may qualify under the extended relief scheme and has sent them a state aid declaration notice to encourage them to apply for the relief.
Councillor Nick Worth, Portfolio Holder for Growth and Commercialisation said:
"We have been given these funds to help small businesses in our district affected by the countrywide revaluation of business rates, and we have been pro-active in identifying and contacting businesses entitled to claim relief. Extending the scheme is proof that, as a council, we are committed to supporting smaller businesses in the district.
"If a state aid declaration has recently been issued to your business and you believe you qualify for the relief, please complete the application and return it to the Council as soon as possible."
Businesses who have not been contacted, but think they may qualify for relief, can contact the Business Rates team on 01775 761161 (selecting option 4).