Wealden District Council continues to provide support for local business – since 2015 over £335,000 has been provided through the Council’s discretionary business rate relief scheme.
At its meeting on 14 March Cabinet approved policies to ensure support continues in the future.
Local policies are in addition to support directed by the Government and mean that overall, Wealden is on course to provide some £400,000 in business rate support to help local businesses during 2018/19.
Small businesses also benefit from changes introduced by the Government to Small Business Rates Relief. Over £8m will have been awarded to over 5,000 local businesses in 2017/18 through the enhanced scheme.
“I am delighted that we are able to continue to provide such vital support to business in Wealden,” said Councillor Graham Wells, Cabinet Member for Housing & Benefits. “It is being taken up right across the Wealden economy including shops, pubs and not-for-profit organisations. It is important we all work to ensure we have a healthy economy in one of the most rural districts in the South East.”
“We took the opportunity offered by the Government last year to provide help for those most affected by the 2017 revaluation of business rates and are on track to distribute the £314,000 allocated to Wealden through the Discretionary Rate Relief Fund for 2017/18. This fund continues for 2018/19 and 2019/20 with £152,000 available in 2018/2019, and £63,000 in 2019/2020”.
Full details of all the different business rate relief schemes available in Wealden are available on the Business Rates Relief page of their website.