Welcome relief for businesses hit by rates revaluation

Businesses hit hardest by the government’s business rates revaluation could be eligible for support. 

Lewes District Council has received £403,000 from the government as part of a discretionary rate relief scheme to help businesses that were most badly affected. 

Analysis conducted by the council indicates that around 117 businesses in the district could be eligible.

Councillor Bill Giles, Cabinet Portfolio Holder for Finance, said:

“The government’s prompt action to activate this scheme is welcome.

“The revaluation came as quite a shock and so I hope this support will reassure many in the business community.

“Council officers will be contacting businesses soon to ask them to apply before the end of 2017.”

The recommended amount of relief to be awarded in the first year will be 80% of the difference between the 2016/17 and 2017/18 rates bill. 

Published on 13 November 2017