Chesterfield businesses are saving more than £1 million in business rates in a scheme administered by Chesterfield Borough Council.
The Government announced in the budget on last October it will provide a business rates retail discount scheme for occupied retail premises with a rateable value of less than £51,000 in each of the financial years 2019/20 and 2020/21.
The value of discount should be one third of the bill, and must be applied after mandatory reliefs and other discretionary reliefs have been applied.
The council administers the business rates relief as part of the discretionary rate scheme offering the relief to around 362 businesses in the borough, saving them a total of around £1,088,520.
Councillor Amanda Serjeant, Chesterfield Borough Council’s deputy leader, said: “Creating a thriving borough is one of the council’s key priorities, which is why we have contacted all eligible local businesses to make sure they have taken advantage of the business rates reliefs they are entitled to.“
“This is one of a number of measures including the Local Labour clause that we take to support businesses in the borough.”
The council has adopted a Local Labour clause in every major planning application it accepts.
This requires developers to provide a strategy that uses materials supplied by local companies. This has meant that local suppliers have benefitted from potentially more than £2.3 million worth of business.