Council says it has no control over Swindon business rates

By Barrie Hudson - 8 June 2022

CommunityBusiness

Swindon Borough Council has addressed the issue of cutting business rates to give high streets a boost.

The authority has explained in a social media post that although this strategy is often put forward, and although it would cut traders’ overheads, it is not something a council directly control.
The council added: "Local business rates are set by Central Government, which uses the revenue raised to fund public services.
"Last year, the Government published its final report following a review of business rates. This includes plans to introduce a new temporary 50 per cent business rate relief for eligible retail, hospitality and leisure properties for 2022-23.
"Meanwhile, most of the rents in the town centre are controlled by private landlords who own the majority of the properties in the area."
Information about work to improve Swindon's town centre can be found at www.swindon.gov.uk/towncentreregeneration
 
 

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