Don't miss a story sign up to Sidmouth Herald's FREE daily newsletter CLICK HERE

Rate relief bonus or busineses

PUBLISHED: 10:31 12 March 2014 | UPDATED: 10:31 12 March 2014

Archant

Around 800 businesses across East Devon are set to benefit from a scheme that will give them rate relief of up to £1,000 for the next two years.

The scheme, adopted by East Devon District Council, is designed to give local retail businesses of a rateable value of less than £50,000 a chance to compete on a more level playing field with internet retailers.

Businesses to benefit include shops, post offices, restaurants, cafes, pubs and garden centres.

Councillor David Cox, portfolio holder for finance, said: “A £1,000 discount will make a huge difference to small businesses and local traders within East Devon.

“In these difficult financial times this new scheme will provide a welcome bonus for the many excellent businesses in our district.

Councillor Ian Thomas, portfolio holder for economy, added: “We are keen to assist where we can and it is good we are able to give this valuable support over the next two years.”

Businesses that qualify have already been identified and the rate relief will be included in their annual bills which are currently being distributed. This has been done so that businesses benefit from this reduction straight away without having to wait for their application to be processed.

Businesses are being asked to confirm that they qualify and return their completed application form by mid-April. By returning the application form, relief will automatically be awarded again in 2015/16 provided the rateable value remains below £50,000.

If the council is uncertain about the use of a property there will be an opportunity to apply for the relief afterwards.

The retail relief initiative is at the discretion of local authorities and was announced by Chancellor of the Exchequer George Osbourne in the Autumn Statement last year.

Councillor Thomas added: “The Government left it up to local authorities to decide whether they wanted to take advantage of the scheme. I am pleased to say that we fully support this Government initiative.”

Ratepayers who occupy more than one property will be entitled to relief for each of their eligible properties.

0 comments

Other News Stories

A gifted and artistic Methodist minister, who penned the Herald’s Religion column for many years, will be remembered most of all for his unshakable faith. The Reverend Allan Bowers’ life was shaped from an early age by the church, the thrill of being in front on an audience and his love of painting.

Read more
Yesterday, 11:40

A new climbing wall has been officially opened at Ladram Bay Holiday Park.

Read more
Yesterday, 06:33

Lynette Talbot’s hard work and willingness to ‘get her hands dirty’ is recognised.

Read more
Yesterday, 04:30

A seaweed harvester from Sidmouth is feeling ‘quietly confident’ after being shortlisted to receive £100,000 worth of support from an organisation set up to help new food and drink businesses.

Read more
Fri, 16:33

Lewis Jefferies hopes to one day promote conservation and sustainability.

Read more
Fri, 14:40

RNLI lifeguards will return to East Devon’s beaches from Saturday (April 29) as patrols for the 2017 summer season get underway.

Read more
Fri, 13:00

The owner of an Ottery sweet shop has thanked the community as she opened her doors for the final time,

Read more
Fri, 11:40

Sidmouth’s Devon County Council hustings has been cancelled

Read more
Fri, 10:13

The Countess of Wessex will be in attendance at this year’s Devon County Show.

Read more
Fri, 06:30

‘Selfish’ 4x4 drivers ‘trashing’ the beautiful countryside surrounding Sidmouth could be threatening England’s first wild beavers in more than 300 years.

Read more

Local Weather

Partly Cloudy

Partly Cloudy

max temp: 12°C

min temp: 10°C

Most Read News

Useful Links

Family notices
Advertise in the paper
Submit a Story
Submit a Story
Buy Photos
Competitions
iwitness24
Facebook
Twitter
Google Plus Page
Reader Travel

Family Notices 24

Read Online

Image
Read the Sidmouth Herald e-edition E-edition

Newsletter Sign Up

Sign up to receive our regular email newsletter

Local business directory

Devon's trusted business finder

HOT JOBS

Show Job Lists


Find planning applications