Caerphilly County Borough Council is urging eligible local businesses to claim up to £1,000 in business rate relief.
Introduced by Welsh Government, the Wales Retail Relief Business Rate Scheme aims to give qualifying ratepayers assistance on a business rates bill for the financial year 2014/15. The grant assistance applies to qualifying occupied retail premises with a rateable value of £50,000 or less, that are wholly or mainly providing a service to visiting members of the public.
Officers from Caerphilly County Borough Council have already posted application forms to qualifying shops, restaurants, cafés and drinking establishments encouraging them to take advantage of the financial support on offer.
A business can still apply for Wales Retail Relief where it is already receiving other forms of rate relief, such as small business rate relief, however, the amount of relief will be capped to the amount of rates actually payable.
Cllr Ken James, Caerphilly County Borough Council’s Cabinet Member for Regeneration, Planning & Sustainability, said: “I’m pleased that the council is able to support this Welsh Government initiative to help our retail businesses during these challenging economic times.
“If you have not received an application form from us, but believe you may be eligible, please get in touch.”
Welsh Government is also making funding available to local authorities to deliver a Local Needs Business Rate Relief Scheme. The scheme adopted by the council aims to provide rate relief for the financial year 2014/15 to those businesses occupying premises with a rateable value of £50,000 or less that are identified in the ‘rating list’ for the council’s area as being an industrial property type (e.g. factory, workshop) and the property is used for manufacturing or industrial warehousing.
Application forms will be issued during August and September 2014 directly to all of those businesses who appear to be eligible for rate relief under this scheme.
For more information please visit www.caerphilly.gov.uk or contact 01443 863006.
