Helping Business - And our Town
Liberal Democrats want to help businesses - as it helps us all. So they support start-ups and want them and well-established small businesses and traders to prosper. They wanted to review business rates across the UK - to reduce burdens on small firms. They pressed for rate relief for Companies affected by the national revaluation of the business rates last year.
The good news - action here in Colchester. Your Lib Dem led Borough Council has been doing all it can to help those affected in Colchester. Council Tax rises have been kept to a minimum, despite government reducing their funding for local services. And businesses across Colchester facing large rises in their business rates have now been awarded rate relief. This provides support to the most hard-pressed companies and follows a successful initiative supporting Colchester pubs earlier this year. Business Rate Relief for pubs provided 100 pubs with a discount of up to £1000 on their business rates bill. Colchester Council now will be sharing out a further £298,000 of Government money.
Around half has already been distributed to around 120 businesses across the borough and your Lib Dem led Council wants to allocate the rest by 31 March 2018, to help keep or create jobs and boost the local economy. As Councillor Mark Cory, Portfolio Holder for Resources, said: “I am proud of our track record in continuously supporting small businesses in Colchester, highlighted by the take up earlier this year of the funding support for our local pubs, by the further rate relief now being offered and that Colchester is ahead of the curve for new business start-ups’