A new business rate re-occupation relief policy for Hambleton has been approved by the local authority.
Members of Hambleton District Council’s Cabinet are recommending the policy which is designed to encourage the re-occupation of shops that have been empty for a long period of time and reward business that take up occupation of empty premises.
Central Government wants to encourage thriving and diverse town centres and see the number of vacant shops decrease and announced last autumn that it would provide a 50 per cent Business Rates discount for 18 months for businesses moving into previously empty retail premises between April 1, 2014 and March 31, 2016.
Coun Nigel Knapton, portfolio holder for Support Services, said:
“It is hoped that this policy will further re-invigorate the market towns of Hambleton and encourage the re-occupation of empty village shops .
“The policy will also ensure the consistency of award for rate relief across the district and support the Council’s aim to encourage local economic growth.”
Members of Hambleton’s Full Council will be asked to approve the policy when they meet next week.