Rates relief welcomed
Councillor Cunningham said: “Following a review of commercial rating an additional band of 20 per cent relief is available from 1 April 2012.
There are three levels of Small Business Rate Relief:
* business properties with a NAV of £2,000 or less will receive a reduction of 50 per cent relief
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Hide Ad* business properties with a NAV of more than £2,000 but not more than £5,000 will receive 25 per cent relief
* business properties with an NAV of more than £5,000 but not more than £10,000 will receive a 20 per cent relief
“It is estimated that this measure will benefit an additional 3,500 businesses across the north and undoubtedly a large number of local businesses will be able to avail of this much needed assistance at http://www.nibusinessinfo.co.uk/content/small-business-rate-relief