Home Business and economy 140 businesses benefit from relief scheme

140 businesses benefit from relief scheme

by Laura Johnston

Almost 140 local businesses are set to benefit from Knowsley’s Council’s business rates relief scheme.

Many businesses across the country are continuing to face significant increases as a result of the government’s revaluation process in 2017.

In response, Knowsley Council is managing a fund of £96,000 which will cover up to 100% of the increase in business rates for around 140 local firms in the borough this financial year.

Those businesses that meet an agreed criteria, which includes the rateable value of their premises, the amount of their business undertaken in Knowsley and the level of opportunities given to the local workforce, are set to benefit from this additional relief.

The funding was allocated to local authorities to manage from 2018 through to 2021 by the Department for Communities and Local Government.

Councillor Jayne Aston, Cabinet Member for Resources, said: “We are using this funding to support those local businesses that are most affected by the increase in Business Rates as a result of the Government’s revaluation which came into effect  in April 2017.

“Local businesses are vitally important to our local economy, as well as providing employment opportunities to local people.  It’s essential that we help and support them as much as we can to help them to cope with the increased costs imposed on them by the government.”

Pat Cushley, Manorside Joinery Ltd, said “Like many other businesses up and down the country, we are operating in challenging economic conditions. Any increase in Business Rates would put pressure on most businesses, but I’m happy to see that this additional support is being offered to companies like ours.”

All businesses eligible for the relief fund will have their accounts automatically adjusted and do not need to make an application.

Photo L-R: Lee Fogg (Technical Director, CAL International), Deb Lee (Head of Exchequer Services, Knowsley Council), Cllr Jayne Aston (Cabinet Member for Resources) and Cliff Kirkby (CEO, CAL International).