Media release - issued 27 Sep 2017

Package of relief for Rushmoor businesses

Businesses in Aldershot and Farnborough that have been most affected by the 2017 National Business Rates Revaluation, will be awarded discretionary relief by Rushmoor Borough Council.

In response to the package of relief for businesses announced by the Government in the spring budget earlier this year, members of the council's Cabinet have approved a new business rates discretionary rate relief policy for Rushmoor.  The policy will mean that the council can give more than £300,000 of extra rate relief to businesses this year, on top of the £358,000 of discretionary rate relief a year already given to businesses across Rushmoor.

The Government announced three new types of rates relief.  These were:

  • Supporting Small Businesses Relief
  • Pub Relief
  • Business Rates Discretionary Rate Relief

The council has already set out its criteria for supporting small businesses such as shops, hairdressers and cafes.  Many of these small businesses lost their previous rate relief as part of the national revaluation and the new scheme will limit any future increases to £600 a year.  The council will be contacting around 40 businesses in Aldershot and Farnborough to invite them to apply to for the new scheme in the next few weeks.  Any relief awarded will be backdated to 1 April 2017.

As part of the Pub Relief scheme, occupied pubs with a rateable value of below £100,000 can receive a business rate discount of £1,000.  Sixteen pubs in Rushmoor are already receiving this discount totalling £16,000. 

As part of the Business Rates Discretionary Rate Relief scheme, relief will be available to medium sized businesses with a rateable value (at 1 April 2017) of less than £200,000 that have found themselves facing a business rates increase of more than 12.5% since the revaluation.

Councillor Gareth Lyon, Cabinet Member for Concession and Community Support at Rushmoor Borough Council said: "We realise that it's tough out there and particularly for our smallest businesses, so we hope that the new schemes of relief will provide some extra support.  Although the government announced the new rate relief in the spring, it is taking some councils longer to roll out the changes, so I am pleased that we have been able to respond quickly, with a policy targeted to help Rushmoor's small and medium sized businesses.  We will be writing to everyone that we think will be eligible for help over the next few weeks and would urge them to get in touch."

Councillor Lyon added: "We have also recently introduced a new scheme of relief to encourage economic growth across Aldershot and Farnborough.  This new policy allows the council to use its discretionary powers to award temporary relief to attract inward investment and growth and to bring empty properties with significant economic value back into use."

Further information about the help available with business rates is on our Help with your business rates page or getting in touch with our business rates team using the contact details on this page.

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