New small firms starting up in Tendring could be in line for a 50 per cent discount in their Business Rates for the first six months, it has been revealed.
Tendring District Council (TDC) has been given the chance to carry out a review of its policy under changes in Government rules.
It has decided it wants to particularly support new small firms where their rateable value does not go above £16,500.
However, consideration will also be given to higher rateable values for new businesses where more than one previously unemployed person is taken on.
The discounts will be over and above any existing discretionary rate reliefs which are available. Each application will be looked at on a case by case basis and based on its own merits.
Paul Honeywood, TDC’s Cabinet Member for Housing, Benefits and Revenues, said that TDC’s message is that it is open for business – and it definitely is.
“We are trying to do what we can to give new small firms a helping hand and encourage companies into our area and provide jobs for unemployed people,” he said.
“In this case it is all about saving them some money on their business rates with 50 per cent up for grabs for small new start-ups.
“This will not be available for the large supermarkets but for those smaller shops and retailers who need a bit of support in the early months.”
Cllr Honeywood said the changes have come in as local authorities have now been given increased flexibility to take into account local economic conditions.
When considering whether to award a discount the Council will be looking for a positive impact for residents and taxpayers in the District.
All the various conditions can be found on the Council’s website, as well as contact details for the Business Rates team.
Anyone wanting to find out more about the scheme should go to http://www.tendringdc.gov.uk/business-rates where they will also find an application form and guidance notes.
The changes to the policy have been signed off by Cllr Honeywood but are subject to call-in.
News from Tendring District Council