Small businesses are set to benefit from a £1million rate relief scheme being supported by Aylesbury Vale District Council.
The government-funded scheme will provide business rate relief for Aylesbury Vale retailers over the next two years.
Firms who qualify can claim up to £1,000 of annual rate relief during the 2014/15 and 2015/16 financial years.
To claim the businesses must be occupying retail properties with a rateable value of £50,000 or less.
The council says that around 700 small businesses will be able to make use of the help, with premises including shops, opticians, post offices, car and caravan show rooms, markets, petrol stations and garden centres.
Councillor Neil Blake, leader of the council, said: “We are very pleased to support this new scheme, which will provide much needed relief to around 700 businesses. These businesses are the lifeblood of our district, providing essential services to residents and visitors and boosting the economy and prosperity of Aylesbury Vale.”
For existing business rate payers, where the council already holds information, the relief will be automatically awarded to qualifying businesses, so that they will not need to complete an application form. However, if qualifying firms have not received a revised bill by the end of July, they should contact the council.
To find out more go to www.aylesburyvaledc.gov.uk/business