A group of business organisations in Liverpool City Region has written jointly to urge local councils to use a new business rates relief fund to ease pressure on small firms, which have been hardest hit by the Government’s recent revaluation.
The letter, from FSB, Downtown Liverpool in Business and The Women’s Organisation, calls on the leaders of Liverpool City Council, Sefton Borough Council, Wirral Borough Council, Knowsley Borough Council, Halton Borough Council and St Helens Council to meet FSB’s five ‘small business principles’ to ensure small businesses can access part of a £300 million in additional relief announced in the Budget.
Chris Burgess, Chairman of FSB’s Merseyside, West Cheshire and Wigan region, said: “Our research shows that over half of small businesses experiencing a rates increase expect profits to fall. One in five may ultimately consider closing down or selling their business as a result of their new valuation.”
FSB’s five Small Business Principles are: