Tuesday, 18 November 2008

Small businesses urged to apply for rate relief to survive the credit crunch

SMALL businesses in West Somerset are being encouraged to apply for rate relief if the rateable value of their premises is less than £15,000 a year.
West Somerset Council leader Councillor Keith Ross said: “Governments are pumping trillions of pounds into banks to help with their liquidity, which is supposed to let the banks make lasting lines of credit for businesses.
“I am hearing from local small businesses that this is not happening, leaving some businesses desperate for finance.
“While many local businesses are registered for rate relief, we think that there are more that could benefit, especially in the current economic climate.
“I would encourage those who think they may be eligible to apply, as rate relief can help small businesses get through these tough times.”
Owners of small businesses who think they may be eligible for a reduction should contact the district council on 01643 703704 or download a form from the ‘Business’ section of the council’s website at www.westsomersetonline.gov.uk.

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