Skip navigation

Gloucestershire Business News

Does your business qualify for business rate relief?

Cotswold District Council is writing to local firms that may qualify for business rate relief under proposals first announced in the March Budget.

The council says it has identified businesses which are likely to meet the criteria and is inviting them to apply for relief now so that they can receive benefits quickly once the scheme is finalised.

The relief scheme includes support to small businesses facing large increases of over £600 a year. Up to £1,000 discount is also available for qualifying public houses with a rateable value of under £100,000. Additionally, there will be a discretionary fund to assist businesses with a rateable value of less than £200,000 and facing an increase of over £600 this year.

Commenting on the initiative, the leader of Cotwold District Council, Cllr Mark Annett, said: "This is very good news for many businesses across the Cotswolds, and we are keen to get things moving. Once our Officers have received applications for relief, they will review eligibility criteria and decide on relief amounts as soon as they can.

"As yet, we can't say exactly when the relief will be applied as we are still waiting for the Government to clarify all aspects of the scheme. Nevertheless, we are encouraging businesses to apply before 31 July so that we can award discretionary payments as soon as possible after that date.

"We believe that we have targeted all the firms that might qualify, but please contact the council on 01285 623000 if you believe that your business has been overlooked."

Related Articles

Versarien's revenues halve and losses rise Image

Versarien's revenues halve and losses rise

Forest of Dean-based advanced engineering group Versarien saw its revenues halve last year.

Gloucestershire company launches same-day service Image

Gloucestershire company launches same-day service

Gloucester-based Freemans Event Partners has launched a brand-new around-the-clock foodservice logistics offer.

Gloucester business expands at Elmbridge Court Image

Gloucester business expands at Elmbridge Court

Just three offices are now available for rent at Elmbridge Court, following the latest letting.

Cirencester town centre to deliver improved parking Image

Cirencester town centre to deliver improved parking

Better parking and traffic control improvements for Cirencester residents and businesses.

Copyright 2024 Moose Partnership Ltd. All rights reserved. Reproduction of any content is strictly forbidden without prior permission.