New commercial property discount
This page was last updated on 8 July 2021.
Bury Council offers a business rates discount scheme to support those who invest in the borough by building new commercial premises. It aims to encourage the creation of new jobs and safeguard existing ones.
Are you eligible?
There are 3 qualifying criteria:
Property is newly built
This means it is built on a site where either:
- no previous property existed or
- a previous property has been demolished
The completion date of the property must after 1st April 2015.
Property is on a site with the potential for economic regeneration
The scheme is available for properties built on sites with the potential for economic regeneration, in the borough. There is a map of these sites in the downloads section at the bottom of this page.
Subject to subsidy allowance limits
Further information about what constitutes subsidy allowances can be found on the GOV.UK website.
How the scheme works
Your business rates bill could be reduced for a period of four years. The maximum amount of relief you can receive is:
- Year 1 80% reduction
- Year 2 60% reduction
- Year 3 40% reduction
- Year 4 20% reduction
For larger properties it is likely that you could exceed your state aid limits before these maximum amounts are reached. If you already receive some form of tax payer funded support then we can only consider providing help up to the state aid limits.
How to apply
This scheme is currently suspended.