mobile phone link image
jobs page link image
 
follow us on facebook follow us on twitter
day
00  Month

Cash offered to Newtown businesses

 
Created on 22/09/2017 @ 15:07
SocialTwist Tell-a-Friend

Businesses in Newtown could be in line for financial support.

Powys County Council says financial help for ‘high street’ businesses in Powys that are in receipt of small business rates relief or have seen their business rates increase because of UK legislation is still available from the county council.
 
The council is using money provided by the Welsh Government to help limit rises in business rates for high-street retailers in 2017/18 as a result of England and Wales-wide revaluations.
 
Cllr Aled Davies is Deputy Leader of the council and is portfolio holder for finance. He explained: “There are two levels of relief available.  Support of up to £500 is available for businesses with a rateable value of between £6,001 and £12,000 and who are in receipt of small business rates relief while support of up to £1,500 is available for high street businesses with rateable values between £12,001 and £50,000 that have seen an increase in their liability from 1 April 2017.”
 
Cllr Davies added that the relief is aimed at ‘high street’ retail businesses, which would include shops, restaurants, cafes and drinking establishments situated within town and village centres.
 
There are some limitations on the funding available and some businesses are not deemed retail (e.g. solicitors or financial services providers).

Businesses located within out of town centres and industrial estates are also excluded.  This detail can be accessed online at www.powys.gov.uk/en/council-tax-business-rates/find-out-if-you-can-get-a-business-rates-discount/
 
Alternatively, the council’s team which is administering this scheme can be contacted by email via revenues@powys.gov.uk


icnn logo