Merton standing up for local businesses

Thousands of businesses in Merton could be eligible for a sizeable chunk of money off their rate bill with the council stepping in to grant the discount.

Local authorities can now grant a discount of up to £1,000 to eligible business owners with properties below a given rateable value for the next two years (2014/15 and 2015/16).

Leader of the Council Councillor Stephen Alambritis with Mr Sabit Ucar, owner of Fresh Fish Bar in South Wimbledon who will save on his business rate bill

Leader of the Council Councillor Stephen Alambritis with Mr Sabit Ucar, owner of Fresh Fish Bar in South Wimbledon who will now save on his business rate bill

Merton’s revenue and benefits team will automatically apply the discount to retail properties where it is clear the business premises meet the criteria.

Merton Council’s Leader, Councillor Stephen Alambritis said: “I was the spokesman for the Federation of Small Businesses before becoming Leader of the Council, so I know how challenging it is for businesses these days. That’s why I am speeding up the process by identifying who qualifies and then applying the discount directly to them without bureaucratic form filling. This is a business-like council that understands how hard times are for local business people right now.”

The council is also helping businesses with a raft of other support on rate bills such as rate relief and hardship relief.

Councilllor Alambritis added: “In addition to helping businesses with their rate bills we have also frozen council tax for the fourth year in a row. This will mean people living in  Merton will have a bit more to spend with local businesses too.”

 

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Notes to editors

  • To qualify for the discount business owners must have premises with a rateable value of £50,000 or less.
  • The premises must be retail and wholly or mainly used as shops, restaurants, cafes, and drinking establishments
  • Firms seeking more information  should call the business rates team on 020 8545 3919