Published on Sunday, 1st October 2017

 

The council is advancing plans to offer business rates discounts to some small and medium sized businesses. Funded from a pot set aside from the chancellor, the scheme will benefit selected companies with a liability of under about £100,000.

 

Separately the revaluation of commercial property rateable values will see shops in Portsmouth benefit from a reduction averaging 30%. This should help them to survive even as trade moves increasing to out-of-town retail and online.

 

Tags: Business Rates