The Local Retail Discount scheme was announced by Government in the Autumn Budget 2018. This scheme will allow us to grant one third off business rates bills for the years 2019 to 2020 and 2020 to 2021.
This relief is only available to properties with a rateable value of less than £51,000 that are wholly or mainly used as retail. For example shops, restaurants, cafes and drinking establishments.
The definition of retail properties follows the same definition as the one used for the previous retail relief scheme in 2014 to 2015 and 2015 to 2016.
This relief is required to comply with the European Union law on de minimis State Aid.
We're pleased to announce that our local scheme was approved by Wokingham Borough Council’s executive committee on 31 January 2019.
We've identified the ratepayers that may qualify and we'll provide full details in April 2019 with a further update on the process that will be put in place to manage this scheme.
If you have any queries in the meantime you can: