Local businesses urged not to ignore their pink envelopes

Release Date: 26 September 2017

Richmond independent businesses are reminded that they can still apply for a reduction on their business rates, as the Council’s Pink Envelope campaign continues.

The Council has sent out over 900 pink envelopes containing a simple application form urging them to apply for a share of the funds made available by the Government to help those businesses who suffered an increase in the 2017 business rates revaluation.

If your business received a pink envelope you still have time to submit your form - so do not delay. If you did not receive one, but you think you may be eligible, get in touch as soon as possible.

Business rates are set by national government, not by local councils. The revaluation relief scheme helps protect vulnerable businesses from an increase in their business rates bill as a result of the 2017 revaluation. The amount each business can claim back will vary.

Cllr Stephen Speak, Richmond Council Cabinet Member for Finance and Performance, said:

“We know that in Richmond, many businesses saw an increase in their business rates as a result of the 2017 revaluation.

“This Revaluation Support scheme seeks to help local businesses, who have been impacted by the increase.

“We believe that around 900 businesses in the borough should be eligible for some benefit from the Government’s fund. And, to deliver that support to the lifeblood of our communities, we have proactively written to them all in pink envelopes.

“The deadline is approaching – so don’t delay. Apply now!”

If you haven’t received a pink envelope but think your business might be eligible, or to find out more about the revaluation relief scheme, visit Discretionary Rate Relief.

Watch a video of Cllr Speak talking about the revaluation support.

Notes for editors

If you are a journalist and would like further information about this press release, contact Elinor Firth on 020 8487 5159.

Reference: P442/17

Updated: 2 October 2017