Government Announces Help With Local Business Rates - 20/04/2009 |
 Local MPs Paul Goggins and Bev Hughes have welcomed news that the Government is setting up a scheme to help local businesses defer up to 60% of the increase in their rates bill for 2009/2010.
The Business Rates Deferral Scheme, which the Government intends to be in place by June, will allow deferral of payment of these rate increases until 2010-11 and 2011-12.
Once the scheme is set up local authorities will write to business rates payers offering them the opportunity to defer part of the increase. It is hoped that the move will help local businesses with their payments over the next 3 years.
Paul Goggins MP said:
“This is a positive move by the Government to help local businesses through the current economic difficulties they face. Any costs for local government associated with setting up this scheme will be funded by the Government and the change will not affect the local authority grant allocations formula.
“I am pleased that we have a Government which is prepared to help local businesses through the tough times. It is in stark contrast to the Conservatives, who propose to do nothing.”
Bev Hughes MP said:
“This is good news for businesses in Stretford and Urmston who are facing uncertainty as a result of the economic downturn. I’d encourage any business who is interested in this scheme to contact the Council straight away.
“While the Conservatives continue to talk down the economy and offer no practical help to businesses and families, Labour is investing in our economy and supporting people and businesses now.”
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