No rates increase for small business and charities in York

Foxwood Community centre

The Council is expected next week to confirm that a freeze on business rates for small businesses and charities will continue.

In effect this means that £700,000 from central government is being injected into the local economy. The move continues the temporary discretionary rate relief grant and will help to mitigate the effect on businesses of the increased rateable values arising from the business rates revaluation exercise undertaken by Central Government. The scheme was intended to support those local businesses that faced the steepest increases in their business rates bills because of the revaluation

During the current year only 98 applied for the relief, leaving £500,000 unallocated in the current year.

The York Council now intends to allocate the relief automatically to all businesses.  This will see no local business or charity with a rateable value below £200K having to pay an increase in their business rates in 2017/18.

Separately the government has confirmed which charities will qualify for Discretionary Rate Relief next year.

The list of successful applicants includes

  • Acomb Sports Club on Acomb Green
  • Foxwood Community Centre
  • Wilf Ward Charity Trust (Green Lane)
  • Chapelfields Community Association (Sanderson Court)

An application by the York and District Indoor Bowls Club is being declined because the organisation is deemed to have too high financial reserves.