Council to continue providing relief for businesses in the Cotswolds

Cotswold District Council have agreed to continue providing business rate relief through the Government’s Retail, Hospitality and Leisure scheme for the financial year 2024/25.

In his Autumn Budget, the Chancellor announced that eligible businesses will continue to receive up to 75% business rate relief up to a cash cap of £110,000. 

The Council will grant these discounts to businesses that fit the eligibility criteria. 

Cllr Mike Evemy, Deputy Leader and Member for Finance said, “Whilst we must collect business rates by law, we recognise that sometimes businesses need financial support. Similar to when we provide council tax support to our residents. 

“Businesses are at the heart of our community and we where we can, we will try and support them as best we can.”

To find out more about business rate relief, please visit: //www.cotswold.gov.uk/business-and-licensing/business-rates-and-rate-relief/rate-relief/ 

The Retail, Hospitality and Leisure Scheme for 2024/25 will come into action from 1 April 2024. 

Businesses receiving business rate relief will automatically receive the new rates in their accounts. New businesses must apply for business rate relief if they think they fit the eligibility criteria.

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