DESIGNED to help businesses who have suffered increases in rate liability following revaluation, the scheme will assist local businesses who have been worst affected.
The most recent revaluation came into effect in England and Wales on 1 April resulting in some businesses bills increasing whilst others decreased.
The launch of the scheme follows last year’s government announcement to make a discretionary fund of £300m available for businesses across the country. As part of these plans, Thurrock has been awarded £632,000 funding for the next four years for eligible businesses.
The funding will be allocated accordingly; £368,000 for 2017/18, £170,000 for 2018/19, £74,000 for 2019/20 and £11,000 for 2020/21.
The relief scheme will be awarded using criteria which can be found at thurrock.gov.uk/business-rates
Applications for the discretionary scheme close on 5 March 2018.