Further financial assistance is on its way for new and/or expanding businesses to the Borough, in the form of potential business rates relief.
A dozen or so Basing View sites and buildings have been granted Enterprise zone status from 1st April 2017, meaning possibilities for up to £172,000 of savings on business rates payable in any 3 year rating period (subject to EU State Aid Limits)
Evidently, the intention is to encourage business relocation and offer certain landowners/developers a degree of assistance with potential refurbishment or redevelopment costs.
We have yet to see precisely what criteria will have to be met in order to qualify for this relief but it could be a welcome inducement, attracting new occupiers to the town.
– ENDS –
6th February 2017