Financial help for ‘high street’ businesses in Powys that are in receipt of small business rates relief or have seen their business rates increase because of UK legislation is being offered by the county council.
Powys County Council is using money provided by the Welsh Government to help limit rises in business rates for high-street retailers in 2017/18 as a result of England and Wales-wide revaluations.
David Powell, the council’s Strategic Director of Resources, said:
“There are two levels of relief available. Support of up to £500 is available for businesses with a rateable value of between £6,001 and £12,000 and who are in receipt of small business rates relief while support of up to £1,500 is available for high street businesses with rateable values between £12,001 and £50,000 that have seen an increase in their liability from 1 April 2017.
“The relief is aimed at ‘high street’ retail businesses, which would include shops, restaurants, cafes and drinking establishments situated within Powys towns and villages.”
There are some limitations on the funding available and some businesses are not deemed retail (e.g. solicitors or financial services providers) Businesses located within out of town retail parks and industrial estates are also excluded. This detail can be accessed online at www.powys.gov.uk/en/council-tax-business-rates/find-out-if-you-can-get-a-business-rates-discount/
Alternatively, the council’s team which is administering this scheme can be contacted by email via email@example.com
Mr Powell added:
“I would urge all town and village retailers to take a look at this, as potentially, it will limit the effects of increases which some businesses are seeing. The council will be writing to potential qualifiers in very near future.”
The money provided by the Welsh Government is for use in 2017/18. It is not known whether this money will be made available in subsequent years. Business Rates are collected by local councils but the rate at which they are set is governed by Welsh Government.