Having considered the feedback from a recent consultation process, Cabinet has agreed to implement a new Business Rate Reduction Scheme to help around 485 local businesses reduce their business rates in 2020/21.
In November 2019, Members agreed to consult with residents and businesses on the introduction of the scheme, which would see qualifying businesses receive up to £300 from the Council – on top of the rate relief already offered by Welsh Government through its High Street and Retail Rates Relief Scheme.
The new Council scheme is the latest measure to help local businesses, as part of a wider range of measures to support the High Street – as reported to Members in May 2019. They intend to deliver upon the Council’s ongoing commitment to support Town Centre regeneration and encourage investment within the High Street economy – a priority outlined in the Corporate Plan.
The public consultation, which ran for eight weeks, closed on January 24, 2020, and resulted in an overwhelming support for the introduction of this local scheme and for the positive impact it would have on our town centres.
At its meeting on Thursday, February 13, Cabinet agreed to implement the new local Business Rate Reduction Scheme for 2020/21, using the same qualifying criteria as the High Street and Retail Rates Relief Scheme.
Councillor Andrew Morgan, Leader of Rhondda Cynon Taf Council, said: “I’m very pleased that Cabinet Members have now agreed to introduce the proposed Business Rate Reduction Scheme, which will provide additional financial help of up to £300 for almost 500 Rhondda Cynon Taf businesses. Feedback received by participants in the recent consultation confirmed that the new scheme would be welcomed by local businesses.
“This additional Council measure is on top of Welsh Government’s High Street and Retail Rate Relief Scheme, which has been confirmed as continuing for 2020/21 and provided £1.8m of support to 1,200 local businesses in the current year.
“Improving our Town Centres is a priority for this Council, as outlined in the Corporate Plan. Recent positive schemes have included reducing parking charges in Aberdare and Pontypridd, and abolishing charges in Tonypandy, Mountain Ash and Porth. The Town Centre Maintenance Grant is also helping traders and landlords improve their property fronts in six local towns, while free public-access Wi-Fi is also in the process of being rolled out.”