Two Year Discount on Business Rates Announced - Rugby and Daventry Radio Station Midlands UK            

Two Year Discount on Business Rates Announced

Written by on February 28, 2019

Article Published on Thursday February 28, 2019 4:47 PM by

Two Year Discount on Business Rates Announced

Some businesses across the Daventry District are to receive business rate discounts for the next two years courtesy of a Government-funded retail relief scheme.

Eligible businesses include pubs, cafes, shops and restaurants totalling more than 130 businesses will enjoy the relief.

It was announced last autumn by Chancellor Philip Hammond that retail properties with a rateable value of less than £51,000 would receive the discount for 2019/20 and 2020/21, to help businesses in the current challanging retail climate.

DDC is automatically applying the discount to all eligible businesses, with the total relief value for 2019/20 sitting at around £334,000.

The resources portfolio holder at Daventry District Council, Counciller Colin Morgan said “The current retail climate continues to be very challanging for local retailers, and we need to ensure they receive all the support that’s available to them.”

“We’ve taken a proactive approach to the issue by identifying which shops, cafes, restaurants and pubs in our area are eligible for this new rates relief and automatically awarding discounts, rather than inviting them to apply for them.”

Source: Daventry District Council

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