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Ilkley businesses set to benefit from rate relief

Ilkley businesses set to benefit from rate relief

Published at 6:01am 25th November 2015. (Updated at 12:03pm 25th November 2015)

New and expanding firms in Ilkley could get help with business rates.

Bradford Council is planning to introduce a two-year discretionary rate relief scheme from next April to attract businesses and jobs to the district.

The proposals will be considered by the authority's Executive on 1 December.

Councillor David Green, Leader of Bradford Council, said: "The aim of the scheme is to encourage eligible businesses to deliver their growth ambitions, attract and increase investment, create new jobs and bring empty buildings back into use.

"Businesses in key sectors such as finance, legal, leisure and retail, advanced manufacturing, green technologies, creative and digital industrial and some social enterprises will be given priority."

It follows the successful Bradford City Centre Growth Zone scheme, which has resulted in more than 150 new businesses benefiting from a business rate rebate and created over 300 jobs.

Applicants for the Business Rate Relief Programme will have to submit an application form, along with two years' full accounts, a three-year cash flow forecast, proof of ownership/valid lease and planning applications/consents.

Over the longer term, it's hoped that the scheme will provide a sustainable growth in business rates and help reduce levels of unemployment.