The Chancellor has today announced a raft of measures that will help small business, jobs and growth.
Business properties in Sherwood will benefit from a package to help the high street and support businesses at the Autumn Statement today.
Mark Spencer MP has welcomed the news that will boost jobs and growth in Sherwood.
The package includes a business rate discount of up to £1,000 for retail premises, including shops, cafes, pubs and restaurants, as help for the high street.
Measures announced include:
• A 2 per cent cap on everyone’s business rate increases.
• £1,000 off business rate bills for all retail premises with a rateable value up to £50,000 for 2014/15 and 2015/16. This includes shops, cafes, pubs and restaurants.
• A new reoccupation relief, which will halve the rates bills of businesses taking over premises empty for over a year.
• The doubling of Small Business Rate Relief is being extended to April 2015 and expanded.
Mark Spencer MP commented:
“I wanted the Government to listen to calls from local businesses and they have.
“That’s why this help for the high street is such good news for Sherwood. Small businesses that serve our communities will benefit from the overall package of support – especially the shops, pubs, and cafes on our high streets.
“High street businesses are an important part of local life. We are backing local businesses all the way. With Small Business Saturday this weekend we are giving businesses in Sherwood the help they need to grow and create jobs.”