December 2008

Small Business Rate Relief Scheme

The FSB has urged the Prime Minister to introduce two measures as part of his economic revival package.

The FSB proposal identified the fact that many businesses are unaware of the SBRRS (Small Business Rate Relief Scheme) which aims to reduce rate bills for all small companies whose rateable value is under £15,000 by as much as 50%. The FSB is asking the government to ensure this relief is automatically applied. A recent survey carried out by the FSB showed that in Essex alone, £48.4million of rate relief went unclaimed.

In addition, the FSB wants the Prime Minister to use his existing powers in the Rating Act 2007 to introduce the same measures for entrepreneurs with empty commercial properties.

If you believe you are entitled to this relief, please let your local council know.