Council to contact businesses that will probably qualify for rate relief
Release date: 3 July 2017
Cotswold District Council will soon be writing to local firms that may qualify for business rate relief under proposals which were first announced in the March 2017 budget.
The Council has identified businesses which are likely to meet the criteria, and is inviting them to apply for relief now so that they can receive benefits quickly once the scheme is finalised.
The relief scheme includes support to small businesses facing large increases of over £600 a year. Up to £1,000 discount is also available for qualifying public houses with a rateable value of under £100,000. Additionally, there will be a discretionary fund to assist businesses with a rateable value of less than £200,000 and facing an increase of over £600 this year.
Commenting on the initiative, the Leader of CDC, Cllr Mark Annett, said:
“This is very good news for many businesses across the Cotswolds, and we are keen to get things moving. Once our Officers have received applications for relief, they will review eligibility criteria and decide on relief amounts as soon as they can.
“As yet, we can’t say exactly when the relief will be applied as we are still waiting for the government to clarify all aspects of the scheme. Nevertheless, we are encouraging businesses to apply before 31 July so that we can award discretionary payments as soon as possible after that date.
“We believe that we have targeted all the firms that might qualify, but please contact the Council on 01285 623000 if you believe that your business has been overlooked.”