Colchester Council helped 60 pubs stay in business
COUNCIL bosses have pledged to help more than 200 businesses which have been hit by rising rates bills. It comes after a pilot, which saw Colchester Council give between 60 and 70 pubs up to £1,000 off their business rates bill.
As a result of the success, almost £300,000 is now on offer to all hard-pressed firms who have been affected by the revaluation of the business rates last year. About half of that cash has already been allocated to about 120 businesses across the borough but the rest must be awarded by the end of March to ensure none of the cash is given back to the Government.
Firms have until Saturday, March 31 to apply. If approved, the relief will be taken directly off the company’s business rates bill for 2017/18. Mark Cory, Colchester councillor responsible for resources, said: “With this fund we give companies affected by the Government’s revaluation of the business rates additional support with their bills.
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