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BUSINESSES GIVEN A HELPING HAND WITH £1M RATES REDUCTIONS


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  • Published: 19th March 2019
  • Categories: News, Community & Volunteer, Hampshire

BUSINESSES GIVEN A HELPING HAND WITH £1M RATES REDUCTIONS


Hundreds of businesses in East Hampshire are set to receive discounts on
their business rates totalling more than £1 million.

More than 600 local businesses will pay less for their public services
this year, with some enjoying a 33 per cent reduction, in a bid to boost
the local economy.

The two schemes are being administered by East Hampshire District
Council and are backed by Government money.

The Retail Discount Scheme will give 384 smaller business in the
district one third off their business rates, amounting to rate relief of
£1,132,583. It is aimed at shops, restaurants and pubs with a rateable
value of less than £51,000.

A further 283 businesses will be eligible for the Local Discount Scheme.
Businesses with an increase in their rates of more than £600 will
receive a 17.5 per cent discount on that rise, amounting to a further
£82,124.

Cllr Guy Shepherd, EHDC Portfolio Holder for Finance, said: “This
funding will be a welcome boost to our local businesses.

“The government has made this money available to local councils and it
has been up to us to implement the scheme.

“We decided that businesses receiving the Retail Discount Scheme would
not be eligible for the Local Discount Scheme to maximise the number of
businesses we can support.

“It is great to think that more than 600 businesses will benefit from
these schemes, supporting the local economy across the district.”

Businesses getting the discounts will be contacted by the council. If
any business owners believe they should be eligible they should contact
the council on 01730 234159.

For more information go to EHDC's website:
www.easthants.gov.uk/budget-changes [1]

Media Contact: Will Parsons, EHDC Communications Officer, 01730 234030


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