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Business News… and local ‘business rates’

A selection of business news and an appeal for views on Business Rates in the town…..

 

HEDON Town Council has noted the difficulties facing some local businesses prompting them to downsize, leave the area or close down altogether.

Councillors commented on the issue at their meeting on Thursday (27th Feb 2014) when it was revealed that some businesses are apparently struggling under the impacts of paying high business rates in the town.

Business rates – or non-domestic rates – are charged on most non-domestic premises, including commercial properties such as shops, offices and pubs. The East Riding Council calculates and collects non-domestic rates on behalf of central government.

The Government information website GOV.UK explains all about Business rates and how they are worked out by multiplying the ‘rateable value’ of your property by the business rates multiplier (set by central government). It also describes how you can estimate your own business rates. which includes links to advice about business rate relief.

The rateable value of a property is based on its estimated open market rental value on a specific date. You can find the rateable value of any property at the Valuation Office Agency website.

The Hedon Blog would like to hear from local business owners who have views to share on the effects of business rates on their commercial activity and plans – or indeed any other issues that you feel affects and impacts upon your business.

Sunday Best - Old Mill Indoor Market
Sunday Best – Old Mill Indoor Market

Business News:

Work is taking place at the former Laughing Gravy Sandwich Shop on New Road, to open it as Hedon Fitness and Nutrition. Notices at the shop say that the new business is expecting to open April or May.

The former Costume Crazy , also on New Road, has been the focus of some activity by workers involved in internal refurbishment of the premises. It is hoped that this signifies a new business moving there.

The former Alison Hall on St Augustine’s Gate has been advertised as a Lease for Sale.

Kim Pizer, has contacted the Hedon Blog to notify us that:

“My mum and I have opened a little shop in the Old Mill Indoor Market next to the Cornmill Cafe called Sunday Best. We sell adult clothes for all ages from sizes 8 -32 and are just starting out in men’s and hoping to expand into children’s clothes too, we also sell handbags, scarves, slippers and accessories.”

A big Welcome to Kim, her mum and Sunday Best – Good luck for the future!

3 thoughts on “Business News… and local ‘business rates’

  1. Danni Hewson of BBC Look North is seeking views of small businesses who are finding business rates an issue. She’s seeking people to be interviewed for a feature on the budget to be broadcast on Wednesday – any local small business people interested are best getting hold of Danni on Twitter @dannihewson

  2. There’s a rumour going around Hedon at the moment that the large Co-op store is going to be taken over by Aldi. Anybody any idea if there is any truth in this?

  3. I have been campaigning regarding business rates in the town for years, ive made mention of it on numerous occasions on here. Business rates are linked to property prices i think , it seems ridiculous that rates in Hedon are triple what i pay on Holderness road with footfall being much higher. I have wanted to open a business in Hedon for a long time but refuse to pay the high rates . has anyone ever asked what we get for our business rates …they cant tell you when you ask as no one knows …its just a tax and doesn’t even cover refuse collection which is another added cost. Small towns such as ours should have some sort of subsidy and local ERYC members should be campaigning hard for this sort of thing. I have never had so much as a comment from them when ive previously mentioned it on here.
    Business rates should be related to footfall and numbers of people not how much property is worth..

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