News & Updates

Government steps in to ensure imminent delivery of £124m business rate relief fund

Finance, Political

The government has enforced a deadline to ensure the £124m rate relief fund is swiftly allocated to vulnerable firms facing the biggest increase in business rates.

Local government minister Marcus Jones called official Whitehall meetings with the three firms providing the necessary software for councils to deliver funds, the BBC has reported.

After meeting with representatives from Capita, Civica and Northgate Public Services, the government confirmed local councils would receive updated software by 21 August to guarantee revised bills were quickly received by small business owners qualifying for rate relief.

A £300m hardship fund was initially announced by the Chancellor in March’s Budget to soften the blow of business rate increases for the most affected firms. But, following months of mixed messages from the Department for Communities and Local Government (DCLG), local authorities and small business lobby groups, owners with the biggest rate increases were yet to see their bills adjusted.

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