Prospective Conservative MP Alex Chalk is reminding Cheltenham's small businesses that they may be entitled for a discount on their business rates.
Recent data released by Cheltenham Borough Council under a Freedom of Information request showed that over 500 local businesses who are not currently receiving a discount on their business rates may be eligible for small business rate relief. Companies can apply for Small Business Rate Relief if their property's rateable value is less than £12,000 and they only use one property.
Alex Chalk said ''This recent data shows that over 500 companies in Cheltenham have a rateable value of less than £12,000, but are not currently claiming a discount on their business rates. I hope this news will encourage traders who think they might fall into this category to get in touch with the Council and check if they're eligible. In some cases, the rates discount may even be able to be back-dated. Business rates make up a significant chunk of businesses operating costs, so any potential discount could make a big difference''
To find out if you're eligible for a discount, contact Cheltenham Borough Council's Business Rates team by email on email@example.com or by phone on 01242 264255.