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Archive for November, 2017

Rate Relief for Horsham District Businesses

Wednesday, November 15th, 2017
Dated – 22 September 2017
Taken from the HDC website Press section: 

A business rates relief scheme which will benefit hundreds of businesses across the district, was approved by Horsham District Council on 21 September 2017.

In April 2017, the rateable value of businesses was changed due to a revaluation by the Government’s Valuation Office Agency. The government subsequently established a £300 million discretionary rate relief fund to support those businesses that face the steepest increases in their business rates bills as a result of the revaluation.

Horsham District Council’s share of the national pot of money is £789,350 and will be distributed to some 348 small and medium sized businesses over the next four financial years.

Businesses with a new rateable value of between £15,000 and £150,000 and who were subject to an increase in rateable value of more than 7% of their revaluation, qualify under the scheme.

The money will be automatically awarded so there is no need for businesses to apply.

Cabinet Member for Finance and Assets, Councillor Brian Donnelly, said: “We are very pleased that funds have been made available to ease small businesses through the increase in business rates.”

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