West Norfolk Council reveals plan to extend business rates relief

Council  Leader Nick Daubney ENGANL00320121220125803
Council Leader Nick Daubney ENGANL00320121220125803
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Plans to continue a business rates relief scheme for firms in West Norfolk for another two years have been unveiled by council chiefs.

The move comes after the process of assessing new rate valuations, which were due to come into effect this year, was delayed until 2017.

Until this spring, firms were given an automatic rebate, known as transitional relief, if their rates bills had risen sharply following the last five-yearly rate assessment.

The scheme stopped in March, ahead of the expected new rates, but ministers have now indicated that councils can continue to provide relief until revised rates are determined.

West Norfolk Council leader Nick Daubney said: “This is excellent news for small business locally.

“The government has recognised the impact of delaying the revaluations and has enabled councils to develop a scheme to assist.

“We are keen to ensure we do what we can to support small businesses locally.”

Proposals to extend the measure are expected to go before the borough council’s cabinet on September 9. If approved, they will be put to the full council on September 24.

The scheme is open to businesses with a rateable value of up to £50,000 and who had been receiving rate relief prior to the end of March.

The council says it will check whether companies qualify for the support and send revised bills to eligible firms.