Council ensure Discretionary Rate Relief reaches qualifying Businesses

Business Meeting

Following the introduction of revised business rate ratings by Central Government from April 2017 Torridge Council have been working hard to help those businesses most affected by any increases. The Governments Spring Budget allocated funds for Councils to administer a system of Local Discretionary Rate Relief. The relief is primarily aimed at Businesses that have experienced more than a 2% rise on their 2016/17 bill.

To qualify for relief businesses must apply via an application form and be aware that they meet the necessary criteria. However officers at Torridge Council have identified 126 businesses that meet the matching criteria and this week sent pre-populated application forms to kick start the process of being able to distribute the funds. The total discretionary rate fund available is £208,000 and Councillors at October's C&R Committee that approved the local scheme were clear in their aim to distribute 100% of this.

James Morrish Lead Member for the Economy said:

"While there are inevitably winners and losers when changes to the rating system are brought in by Government we have put a lot of effort into identifying qualifying businesses that might benefit from the relief scheme. We want to ensure, that where possible,  the impact of any changes are minimised and being proactive by sending out pre-filled forms and stamped addressed envelopes for their return is a positive way of achieving this. We very much hope that businesses will take up the relief on offer under the scheme as independent businesses such as these are the lifeblood of our economy in Torridge."

24 October 2017