Wales Retail Relief Business Rate Scheme Ends Soon

Local businesses in the Caerphilly County Borough area are being urged by the council to claim up to £1,500 in business rate relief by 31 March 2016. ‌​‌​‌​​​‍‌​‌​​‌‌‌‍‌​‌‌​​‌​‍‌​‌‌‌​‌‌‍‌​‌‌‌‌​​

The Wales Retail Relief Business Rate Scheme was introduced by Welsh Government in 2014 and has been continued through 2015/16. 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 posted application forms during August 2015 to qualifying shops, restaurants, cafés and drinking establishments encouraging them to take advantage of the financial support on offer. ‌​‌​‌​​​‍‌​‌​​‌‌‌‍‌​‌‌​​‌​‍‌​‌‌‌​‌‌‍‌​‌‌‌‌​​

Business who are already receiving other forms of rate relief, such as small business rate relief can apply, 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: “It is great that we are able to support this Welsh Government initiative as a council and that our local businesses have the opportunity to grow their businesses further when facing difficult financial times.” ‌​‌​‌​​​‍‌​‌​​‌‌‌‍‌​‌‌​​‌​‍‌​‌‌‌​‌‌‍‌​‌‌‌‌​​

For more information please visit the Wales retail relief scheme section or call us on 01443 863006. ‌​‌​‌​​​‍‌​‌​​‌‌‌‍‌​‌‌​​‌​‍‌​‌‌‌​‌‌‍‌​‌‌‌‌​​