Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Business rates discounts spread across the UK

Business rates support has now spread to 300,000 premises across the UK according to new High Streets Minister Penny Mordaunt.

In her first major speech since her appointment in July Mordaunt said the £1,000 business rates discount that was introduced six months ago for local shops, cafes, restaurants and pubs (up to a rateable value of £50,000) has given retailers £272 million of tax relief.

Speaking at the annual high street retailers conference by the British Council of Shopping Centres, the minister said the retail discount was the centre piece of a wider one billion pound package of targeted tax break support for the high street.

“We must help all respond to the needs and wants of the consumer so the high streets remains at the heart of our communities, more than simply places to shop. We announced the biggest package of business rates support in over 20 years to support local shops, pubs, cafes, and restaurants. Overall, this is worth £1 billion to business with half of that backing high street shop and retailers in England.”

Tom Meager, director of property for Primark and president of the British Council of Shopping Centres said the announcement was “confirmation” of the government’s commitment to regenerating the high street.

He added: “The key to making meaningful change will be in driving forward with public and private sectors in partnership. One size will not fit all and we need to ensure local authorities, LEPs and BIDs are empowered and engaged to work in tandem with the private sector to reshape towns for the modern consumer.”

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.