Several types of relief are available to help reduce Business Rates bills.
Business Rates are not payable for the first three months that a property is empty. This may be extended to six months for certain industrial properties.
Central Government will reimburse 100% Business Rate relief for five years up to the maximum state aid de minimis threshold, for businesses (Rate Payers) that enter Longcross Park (part of the EZ3 Enterprise Zone) on or before 31 March 2022.
This scheme will run from 1 April 2019 to 31 March 2021. The value of discount should be one third of the bill, and must be applied after mandatory reliefs and other discretionary reliefs/grants have been applied.