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Council to consider business rate relief scheme

Posted on : 17 Apr 2019

Council to consider business rate relief scheme

Caerphilly County Borough Council is set to consider proposals to adopt a grant funding scheme to support local businesses.

During its meeting on 24th April, the council’s Cabinet will consider recommendations to adopt Welsh Government’s High Street and Retail Rate Relief Scheme for 2019/20.

If approved, the scheme would provide support for eligible retail businesses in the Caerphilly county borough by offering up to £2,500 discount on the business rate bill per property.  Properties that would benefit from this relief would be occupied high street businesses and retail premises, such as shops, restaurants and cafes, with a rateable value of £50,000 or less.  The council’s Business Rate Team will write to all eligible businesses as soon as possible after 24th April to notify them of Cabinet’s decision.

Cllr Sean Morgan, the council’s Deputy Leader and Cabinet Member with responsibility for economic development, said “If the High Street and Retail Rate Relief Scheme is adopted it will offer support to local businesses; helping them to grow and increase employment opportunities within the county borough.”



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