21/03/18: New scheme offers up to 80% rate relief to support new retail businesses

Businesses moving into retail premises in the Breckland district are being encouraged to take advantage of a new scheme launched today, which offers eligible companies up to 80% business rates relief. 

Cllr Paul Claussen, Breckland Council Executive Member for Place, explained: "Supporting the regeneration of our market towns is a priority for the Council and our new scheme aims to increase occupancy in town centre units, support new businesses and provide a boost for existing town centre companies by increasing footfall. By offering a helping hand to businesses in their first year of trading we can help set them on the road to future success."

Although it is expected that the majority of applications will be for town centre premises, businesses hoping to take on retail units outside these areas can also apply.

Cllr Claussen continued " We are keen that as many eligible businesses as possible apply - this could include someone taking on a village shop, a growing business that would like to expand or perhaps an out-of-town company that would like a high street presence. We've cut the red tape to make the process simple and straightforward, and applicants will hear back within around seven working days."

Under the scheme, retail businesses - including shops, restaurants, and others - who move into a vacant town centre unit may be eligible for business rates relief during their first year. Businesses can apply to the scheme at any time between now and 31 March 2019, with any business rates reductions coming into force from 1 April 2018 or, going forward, 12 months from the approval date. 

Further information about the Discretionary Business Rates Reduction Scheme is published on the Breckland Council website www.breckland.gov.uk/businessrates, or interested businesses can contact the Council's Economic Development team on economicdevelopment@breckland.gov.uk, or call Cassie Ruffell on 01362 656234.

Last updated: 30/04/2018 10:59:19