New commercial property discount

Business Rates could be discounted to support businesses who invest in the borough of Bury by building new commercial premises.

If your business is eligible, your bill could be reduced for four years on the following maximum reduction terms:

• Year 1: 80 percent
• Year 2: 60 percent
• Year 3: 40 percent
• Year 4: 20 percent.

Larger business properties might exceed state aid limits before the maximum discount amounts are reached. If your business already receives some form of tax payer funded support, we can only consider providing help up to the state aid limits.

Discount eligibility

To qualify for a Business Rates discount under the new commercial property scheme, the property must be:

• a new build business property built after the 1st April 2015 and where the site either had;
  • no previous property existed
  • a previous property was demolished
• on a site with potential for economic regeneration
• subject to GOV.UK's subsidy allowance limits.