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The Government is also giving funding to local authorities so that they can provide a 50% discount for 18 months for those businesses that move into retail premises that have been empty for a year or more.
This is available for businesses which move into empty premises between 1 April 2014 and 31 March 2016. Full details are given in the Rate Relief guidance notes and policy statement in the sidebar.
Please note: Applications received after 31st March 2016 can still be considered for periods of occupation with a start date of prior to 1st April 2016.
The award of such discounts is considered likely to amount to state aid. However it will be state aid compliant where it is provided in accordance with the De Minimis Regulations EC 1407/2013. The De Minimis Regulations allow an undertaking to receive up to €200,000 ‘de minimis’ aid over a rolling three-year period.
If you are receiving, or have received, any ‘De Minimis’ aid granted during the current or two previous financial years (from any source), you should inform North Norfolk District Council immediately with details of the aid received.
Last updated: 8th December 2016