Councillors back business rates relief scheme
Hundreds of retailers in West Oxfordshire are set to benefit from business rates relief.
West Oxfordshire District Council’s Cabinet has supported a Government scheme which will cut retailers’ rates by a third provided they have a rateable value of £51,000 or less.
It is estimated that 353 businesses in the District will benefit from the discount which was announced in the Chancellor’s Autumn Statement.
Cllr Toby Morris, Cabinet Member for Resources, said: “This is good news for retailers in the District, many of whom are under pressure from changing shopping trends.
“This will directly benefit our local economy and help our high streets continue to thrive.”
The retail rate relief was approved at a meeting of the Council’s Cabinet on 16 January.