As part of its work to better support businesses, East Northamptonshire Council is helping 1,542 local firms discover and enjoy discounts on their rates bill.
Business rates are taxes to help pay for local services and they’re charged on most non-domestic properties. Some of these properties may be eligible for a discount. This can be a huge help to local companies with managing their bills and budgets.
To support businesses in the district, East Northamptonshire Council currently provides rate relief to:
1008 small businesses totalling £1.86million
276 other businesses who enjoy up to £1,000 discount, totalling £243,000
192 charities/ non-profit making organisations totalling £1.55 million
Rural settlements – around 66 businesses get rate relief totalling £115,000
We also support businesses in other ways, including:
Empty new properties get up to 18 months complete exemption from business rates
Businesses can now pay their rates over 12 instalments rather than over 10
We will agree special payment arrangements with businesses that are struggling
Leader of East Northamptonshire Council, Steven North, says:
“This council is committed to supporting businesses of all sizes, but recognises that smaller companies sometimes need a little extra help.
“We want to see a thriving and successful retail sector in East Northamptonshire and supporting small businesses is a key part of that strategy.
"These businesses create jobs, wealth and opportunity for residents, businesses and the council so we will do what we can to support them in becoming as profitable and successful as possible because it benefits everyone in the long run.“
To find out more, visit www.east-northamptonshire.gov.uk/businessrates or call 01832 742000.