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Reduced rates bills for high street retailers

4 July 2017

Hundreds of local high street retailers could benefit from reduced rates bills after Cabinet Members from Bridgend County Borough Council agreed to adopt the Welsh Government’s High Street Rates Relief Scheme.

Under the scheme, eligible retailers will receive up to £1,500 off their non-domestic rates bill if they have a rateable value of £50,000 or less in the 2017-18 financial year.

Their properties must be occupied, and either wholly or mainly used as shops, restaurants, cafes or drinking establishments. Critically, they must also be high street businesses that aren’t based in out of town developments or industrial estates.

In Bridgend County Borough, it is estimated that around 450 ratepayers could potentially benefit from the scheme which will also be offered in conjunction with the Small Business Rates Relief and Transitional Relief schemes.

Councillor Hywel Williams, the council’s Deputy Leader, said: “Many are concerned about increases in their non-domestic rates as a result of the Valuation Office Agency’s revaluation, and this scheme was announced by the Welsh Government earlier this year to support those small and medium businesses which have been adversely affected.

“While the council will not have any discretion over any elements of the High Street Rates Relief Scheme, we are pleased to adopt it and do what we can to support our high street retailers.”

To find out more about the scheme, and to apply, please call Bridgend County Borough Council on 01656 643643.

Last Updated: 04/07/2017
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