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Council's Sterling Efforts Help Businesses Net £1.5m Rates Relief

Published Monday, 03 November 2014

Efficient Ribble Valley Borough Council staff have been praised for their sterling work in helping local businesses net over £1.5million in rates relief.

The Government recently announced a raft of business rates measures, including capping the retail price index at two per cent, doubling small business rate relief until next March, extending relief for businesses taking on an additional property to 12 months, a two-year discount of £1,000 for retail businesses with a rateable value below £50,000 and a 50 per cent discount for 18 months for businesses acquiring empty shops.

Business owners are also now allowed to pay rates in 12 instalments instead of 10 and the Government has undertaken to clear 95 per cent of the backlog in rates appeals by July 2015.

Now Ribble Valley Borough Council leader Stuart Hirst has praised council staff for pulling out the stops to help the borough’s businesses make the most of the new measures.

He said: “Council staff have been quick to identify businesses qualifying for the measures and, as well as the 2,313 ratepayers who have had their bill increase capped at two per cent, a further 1,152 have had their small business rate relief doubled.

“Furthermore, four ratepayers who have acquired second properties will continue to receive small business rates relief worth over £4,000 between them on their original property, while a further 304 look set to receive a discount up to £1,000.

“The value of these measures to Ribble Valley ratepayers has exceeded £1.5million and council staff will continue to contact qualifying businesses until there has been a 100 per cent take up.

“This is the kind of excellent work that goes on behind the scenes at Ribble Valley Borough Council and, as the measures are Government-funded, there is absolutely no cost to the council.”

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