Small firms in Bolton to get £1,000 business rates discount

The Bolton News: Shoppers in Bolton town centre Shoppers in Bolton town centre

SMALL businesses in Bolton are set to benefit from a £1,000 discount in business rates.

Bolton Council’s cabinet rubber-stamped a government offer to reduce the rates for small companies — including pubs, shops, restaurants and cafes — with a rateable value of £50,000 or less.

It also backed plans to give a 50 per cent discount to businesses that move into a unit which has been empty for a year or more and make all newly-built commercial properties exempt from empty property rates for up to 18 months.

Chief executive of Bolton Council Sean Harriss said the step was a good move.

He added: “Any initiative that reduces costs for businesses in the current economic climate is welcome. We hope it will stimulate the local economy.”

Alex McVey, manager of Odessa Cafe in Exchange Street, said his business will benefit from the discount, but he thinks more needs to be done to help independent companies in Bolton.

He added: “Anything helps. One thousand pounds is not insignificant but it needs to be more.

“Shops are closing for a reason, and for independent business like me it’s hard work.”

Dave Jones, managing director of Bolton-based Progressive Business Mentoring which works with companies across the region, welcomed the news but warned it might not be enough to transform the fortunes of the high street.


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He said businesses are currently being unfairly bracketed at pre-recession, 2008 rates, and that a government decision to postpone re-evaluating them until 2017 is damaging Bolton companies.

He added: “This announcement about a discount in business rates certainly is welcome, but more needs to be done.”

Bolton Council announced in October it had set aside £1.5m to encourage more businesses to open.

As part of the ‘business support scheme’, companies could receive grants of £20,000 or more if they took over empty units.

Peter McGeehan, who runs Ye Olde Toffee Shoppe in Horwich, said he was forced to close his second shop in Bolton town centre because rents and business rates were too high.

He said: “This announcement about the rates grant would help us to get back to where we want to be, with another shop in Bolton town centre.”

Comments (4)

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6:52am Wed 12 Mar 14

breightmet kid says...

Good news for Bolton Town Centre, at last. But will every business get £1,000 or will there be some small print where conditions have to be applied. Or will this money be 'creamed off' for other political agenda's.

As well as the money we need to see a lot of re-building especially in Great Moor Street, Newport Street (whole length) and bottom end of Bradshawgate. If Bolton Council were to announce some sort of co-ordinated planning or ideas then we could all look forward to getting our town centre back.
Good news for Bolton Town Centre, at last. But will every business get £1,000 or will there be some small print where conditions have to be applied. Or will this money be 'creamed off' for other political agenda's. As well as the money we need to see a lot of re-building especially in Great Moor Street, Newport Street (whole length) and bottom end of Bradshawgate. If Bolton Council were to announce some sort of co-ordinated planning or ideas then we could all look forward to getting our town centre back. breightmet kid
  • Score: 3

7:55am Wed 12 Mar 14

Gore Seer says...

That Means The House holder Will Pay For Decrease In Business Rates.
That Means The House holder Will Pay For Decrease In Business Rates. Gore Seer
  • Score: -5

8:24pm Thu 13 Mar 14

JustBecause says...

Gore Seer wrote:
That Means The House holder Will Pay For Decrease In Business Rates.
Why?

Do you know what we get for our business rates..... Nothing, not a jot, not even a bit. If there wasn't any business rates, the only thing to,suffer would be the pot in central government, its a tax plain and simple.
[quote][p][bold]Gore Seer[/bold] wrote: That Means The House holder Will Pay For Decrease In Business Rates.[/p][/quote]Why? Do you know what we get for our business rates..... Nothing, not a jot, not even a bit. If there wasn't any business rates, the only thing to,suffer would be the pot in central government, its a tax plain and simple. JustBecause
  • Score: 0

8:45pm Thu 13 Mar 14

JustBecause says...

It only applies to retail outlets, so the rest of the businesses in Bolton are not eligible...... Nice.

Give a cafe or shop a big discount and grant then It closes, etc....in the mean time the established already running business are left to struggle on.
It only applies to retail outlets, so the rest of the businesses in Bolton are not eligible...... Nice. Give a cafe or shop a big discount and grant then It closes, etc....in the mean time the established already running business are left to struggle on. JustBecause
  • Score: 0

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