Supporting small businesses rate relief

If your business rates increased, affecting your entitlement to small business rate relief, you can apply for supporting small businesses rate relief.

The government introduced the relief scheme to support small businesses facing large increases to their business rates because of losing some, or all, of their business rate relief, following the national 2017 revaluation.

The adoption of a local pdf icon Small businesses rate relief policy [96kb] allows the council to award this relief to qualifying ratepayers.


The amount of relief available

If you qualify for this relief, the annual increase in your business rates will be limited to the greater of either:

  • A percentage increase* in each year (after inflation is applied) of:
Year% increase
2017/185%
2018/197.5%
2019/2010%
2020/2115%
2021/2215%

*The percentage increase is taken against the bill for 31 March 2017 after small business rates is applied

Or

  •  A cash value of £600 a year (£50 a month). This cash minimum increase makes sure that ratepayers paying nothing or very small amounts in 2016/17 (after small business rate relief) will be paying something in 2017/18

If you receive supporting small businesses rates relief  and your rateable values are £51,000 or more, you will not have to pay a supplement to fund small business rate relief.

Ratepayers will remain in the scheme for either five years or until they reach the maximum bill they would have paid if the scheme did not exist.

The government announced the scheme in the spring 2017 budget and our cabinet approved the policy at its meeting on 25 July 2017.

Applying for the relief

We have contacted businesses we believe are eligible and invited them to apply for the relief.

You can also apply by filling in and returning our pdf icon Supporting small businesses rate relief application form [137kb]

If you receive the relief, you will receive a revised bill showing your reduced business rates.

For more details, please contact our Business Rates team using the contact details on this page.

 
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