Small retailers across Daventry District are set to benefit from a reduction in their business rates bills in a new scheme designed to boost the local economy.
As part of its autumn statement, the Government announced a rate relief of up to £1,000 a year for the next two years to occupied retail units with a rateable value of £50,000 or less.
The scheme is designed to ease the burden on businesses by reducing rates for small retailers. Shops, charity shops, hair and beauty salons, restaurants, pubs and cafes are among those considered for the relief.
Daventry District Council has adopted the scheme and is now writing to 294 premises in the District that appear to qualify. The letter gives further information on the Retail Relief Scheme as well as asking ratepayers to declare any State Aid they have received in the last three years.
This is necessary to comply with EU laws on State Aid and anyone who receives a letter is urged to read it carefully and fill in the attached declaration form if necessary.
Councillor Jo Gilford, Resources Portfolio Holder at Daventry District Council, said: “Not only will this scheme provide a welcome boost for retailers, it will also help to support our town and village centres, protect jobs and further improve our District’s economy.”
Anyone who has not received any letter on Retail Relief who feels they may qualify is urged to request a letter by emailing email@example.com, stating the reasons why they believe they might be entitled to the relief.
For more information about Retail Relief and other forms of relief on Business Rates visit www.daventrydc.gov.uk/business/business-rates/reliefs