Rate relief bonus or busineses

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

Naomi Thomas of the weddding wishing well foundation recieves a cheque from Fields. Ref shs 1725-05-14TI. Picture: Terry Ife

Fields of Sidmouth celebrated the work of its staff and chose its charity of the year at the annual ‘Faftas’ award ceremony this week.

Read more
Yesterday, 16:30
Sidmouth Police Station in Woolcombe Lane

Government cuts have forced police chiefs to consider selling off properties to keep 3,000 officers on the beat – but there is ‘no foreseeable risk’ to Sidmouth’s station.

Read more
Yesterday, 16:00
Icy roads

Devon County Council’s highways teams are geared up to respond to whatever the weather throws at the county this weekend.

Read more
Yesterday, 12:27
Ian Walker who runs with the Sidmouth Running Club gets ready for his next run in aid of Balloons bereavement charity. Ref mhh 6116-05-15AW. Picture: Alex Walton

A Sidmouth dad-of-four will don his running kit and tackle a trio of endurance running races, in less than three months, for charity.

Read more

Local Weather

Partly Cloudy

Partly Cloudy

max temp: 2°C

min temp: 2°C

Most Read News

Family notices
Advertise in the paper
Submit a Story
Submit a Story
Buy Photos
Competitions
iwitness24
Facebook
Twitter
Google Plus Page
Family Notices 24

Digital Edition

Image
Read the Sidmouth Herald e-edition today E-edition

Devon's trusted business finder