• Bookmark this page

The Best Guide for the Portsmouth Area

Portsmouth news, reviews and local events in Portsmouth areas including Portsmouth, Cosham, Drayton, Farlington, Southsea, North End, and communities in Portsmouth.

Calendar of
Upcoming Events
Drayton MOT Centre Banner

Business Reviews

"Best butchers in Portsmouth!"
"Fantastic store for new and retro gaming"
"Beautiful shop with amazing customer service "
"Convenient, professional, great value service"
"The whole package for a great night out"

Testimonials

"Tracie Sharp, Grosvenor Casino"
- We have been with AMA for around 4 years now, and in that time all events listed have been put on the site, and generated interest and also bookings. AMA is probably the best "whats on" site in Portsmouth, and one everyone goes to, to see what’s happening
Loading...

Easy Access

New Plans Offering Nearly £900,000 to Support Portsmouth Businesses

Published: 14th July 2017 10:05
Portsmouth City Council has announced plans to support businesses in the city hit hardest by increases to business rates.

The move is specifically to help those affected by the recent revaluation of business properties that has resulted in many businesses having to pay higher rates.

Over the next four years just under £900,000 will be available to businesses in Portsmouth that have been affected by an increase in business rates caused by the revaluation, £500,000 of which will be available in 2017/18.

The money is part of a £300m national package of support announced by the Chancellor in the 2017 spring budget.

The council is inviting applications from businesses occupying business premises with a rateable value of less than £200,000 where the revaluation has increased their gross bill by 12.5 per cent compared to last year.

Businesses that are successful will receive support worth up to 8 per cent of their business rates bill.

"We recognise the huge contribution that small and medium-sized businesses make to Portsmouth and encouraging the continued success of these businesses is a priority for the council" says Cllr Frank Jonas, Cabinet Member for Resources at Portsmouth City Council.

"This scheme is intended to alleviate the burden on one of the sectors of our business community that has faced the steepest increases in their bills, and I'd encourage businesses to find out more about the support available."
Bookmark and Share

Report this article as inappropriate

Comments

You need to log in before you can do that! It's only a quick registration process to join the AMA network and completely free.

Sign in or join now to post a comment
Find a Local Business
Loading...
Back to Top
© Copyright 2005-2017 AboutMyArea

AboutMyArea Privacy Policy

PO6: Portsmouth Home | News | Community | Classifieds | Business Directory | General Election 2017 | What's on in Portsmouth | Business Talk | Portsmouth People | Lifestyle | Have Your Say | Food and Drink | Competitions | Gallery | Days Gone By | Archives | Election 2016 | Contact Us
AboutMyArea: Home | Site Map | Contact AboutMyArea | Terms & Conditions | Community Guidelines | Franchise Opportunity | Help

About Cookies