Businesses looking to expand or start up in Calderdale could be given a helping hand with their rates if a new discount scheme is approved by the Council’s Cabinet on Monday.
As part of its business and economy strategy, the council has identified obstacles stopping sites moving forward for development, one of which is that moving to larger premises increases business rate bills, so the council is proposing a temporary discount to encourage the building of new premises and improvement of older buildings.
Businesses would be able to apply for 100 per cent relief from new business rates for 12 months from occupation of the newly built or refurbished premises.
This would contribute towards the council’s aim to reoccupy 250,000 square feet of unused floor space and bring 50 hectares of employment land forward by 2020.
Calderdale Council’s Director of Economy and Environment, Ian Gray, said: “We know there are lots of sites in the area with so much development potential, which would be great places for businesses to start up, relocate or expand.”
The business rate relief proposals will be discussed at the next meeting of Calderdale Council’s Cabinet on Monday at Halifax Town Hall at 6pm.